U.S. Stock futures lose steam as the election results come out


Dr. (INDU)The futures were up 172 points, or 0.6%, after jumping more than 200 points on Tuesday evening. S&P 500 (SPX) 0.5% in futures and Nasdaq (COMP) The futures were down 0.1%. Polling in 16 states and Washington D.C. closed at 8 a.m. ET, and Florida saw a reversal in stock futures as election results were brought in from the key race.
During election day, U.S. The stocks gained tremendously.

The Dow closed at 555 points, or 2.1%, higher on Tuesday, its best percentage increase since mid-July. The S&P 500 closed 1.8% higher, the best day of the month. The Nasdaq Composite finished 1.9% higher, its best performance since mid-October.

Expect more government spending to help risk recovery in the near-term boost markets and risky investments such as stocks. These benefits also reflect Wall Street’s bet that former Vice President Joe Biden will win the election.

Analysts Goldham Sachs (G.S.) The winner is likely to be announced on Tuesday night as swing states like Florida, Arizona, Georgia and North Carolina will report the result quickly, it said Tuesday. That certainty is also likely to increase in the markets.
Looking forward to Wendy’s (WEN), Allstate (All) And Hilton (H.L.T.) Earnings report on Wednesday.

– CNN’s Unken Tape contributed to this report.

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