The US stock futures entered into a strong bullish trend as investors cheered on Donald Trump gaining a lead in the Presidential Election 2024. Harris is tailing behind, however, the gap between her and Trump has widened. In the overnight trading session, stock futures experienced a significant upturn, fueled by growing speculation that Donald Trump might be leading in the presidential race. The anticipation of a Trump victory seemed to have a positive impact on the markets, with major indexes witnessing notable gains. The Dow Jones Industrial Average futures surged 551 points, marking an increase of around 1.3%. Similarly, both S&P 500 futures and Nasdaq 100 futures enjoyed a rise of 1.2%.
Adding to the financial market's movements, Bitcoin reached a new all-time high, while the U.S. dollar also saw a rally on Tuesday night. This was particularly noteworthy as Wall Street had anticipated a surge in the dollar's value in the event of Trump's win. Moreover, the futures for the Russell 2000, the small cap benchmark often seen as likely to benefit from a Trump presidency, soared by 2.7%.
This surge in stock futures and the dollar, alongside Bitcoin's record-setting performance, highlights the market's reactive nature to political developments. The optimism surrounding a potential Trump victory appeared to instill confidence among investors, leading to bullish behavior across various asset classes. The significant gains in stock futures, coupled with the movements in the dollar and Bitcoin, underscore the interconnectedness of global markets and political outcomes.
Here are the live updates of US stock market today amidst the election:
LIVE Feed
Nov 06, 2024, 6:13 pm IST
US Market Live Updates: Trump Presidency Positive For Markets
Nish Bhatt, Founder & CEO, Millwood Kane International: A Trump Presidency will be largely positive for global markets, the key thing to watch out for will be interest rates in his tenure. Donald Trump has been very vocal about his stance on the need for lower rates, and its positive impact on the economy. Benchmark Indian indices are up over 1% amid multiple days of sell-off.
Nov 06, 2024, 6:11 pm IST
US Election Results Live: Donald Trump On Victory
Making a historic win, Donald Trump said, America has given us an unprecedented and powerful mandate. He promised during his Florida rally that America is going to enter into an 'Golden Age'. He vowed to restore America to greatness, and fulfill the country's mission altogether.
Nov 06, 2024, 4:50 pm IST
US Election Results Live Update: Red Caps In Major Parts Of America
As per the latest counting of US election 2024, Republican's Donald Trump has made a landslide victory with 279 seats, against the required 270 seats for electoral win. His opponent Kamala Harris bagged up to 223 seats.
Nov 06, 2024, 4:41 pm IST
US Market Live Updates: Indian Market End Bullish
Indian stock markets rallied strongly on Wednesday, November 6, fueled by early projections of former President Donald Trump leading in the US presidential election. The benchmark indices Sensex and Nifty 50 surged over 1% each, with the Sensex rising by 902 points to close at 80,378 and the Nifty 50 gaining 277 points to settle at 24,484. This marked the second consecutive session of gains as optimistic market sentiment swelled following reports of Trump's advantage, particularly benefiting export-oriented sectors like IT.
Nov 06, 2024, 4:40 pm IST
US Market Live Updates: S&P 500 Futures Zoom To Hit New High
The Republican party has bagged majority seats, as per the latest results counting. This has led for the projection of Donald Trump's return to power. Following which, market has advanced sharply globally. US-backed S&P 500 futures rallied to hit new all-time high of 5,954. Currently, it is trading at 5,942.25, up by 2.24%.
Nov 06, 2024, 3:54 pm IST
US Election Results Live Updates: What PM Modi Said On Trump's Projected Victory
India's prime minister Narendra Modi tweeted saying, heartiest congratulations my friend, Donald Trump, on your historic election victory. As you build on the successes of your previous term, I look forward to renewing our collaboration to further strengthen the India-US Comprehensive Global and Strategic Partnership. Together, let’s work for the betterment of our people and to promote global peace, stability and prosperity.
Nov 06, 2024, 2:59 pm IST
US Election Live Results: Kamala Harris Vs Donald Trump
As per the latest counting of election results, Donald Trump takes a massive lead with 266 sears, resulting in 51.1% of the total votes. His opponent Kamala Harris won 219 seats, and voting for account about 47.3% of the total. Overall, to win electoral votes, candidates require 270 seats.
Nov 06, 2024, 1:36 pm IST
US Market Live Updates: Dollar Index Strengthens Against Global Currencies
Dollar Index DXY strengthened as much as 2% to 105, which will be its highest level in four months. As per Trading Economics, investors reacted to early results in the US presidential election, where Trump gained a lead over Harris. The race has unfolded largely as expected, with the outcome now hinging on seven key swing states.
Nov 06, 2024, 1:32 pm IST
US Market Live Updates: Dow Jones Futures Extend Rally
The Dow Jones futures skyrocketed by as much as 971 points to hit an intraday high of 43,352. Currently, the Dow Jones Industrial Average Index Futures traded at 43,151, up by 770 points or 1.82%.
Nov 06, 2024, 11:37 am IST
Oil Drops On Stock build, Strong US Dollar Ahead of Election Results
The oil market witnessed a decline exceeding 1%, influenced by a strengthening U.S. dollar amid speculations that the presidential election might tilt towards Donald Trump, although the outcome remained uncertain. Additionally, a surge in U.S. crude inventories beyond expectations contributed to the downward pressure on prices. Brent crude futures saw a reduction of 90 cents, marking a 1.2% fall, with prices settling at .63 a barrel as of 0450 GMT. In parallel, U.S. West Texas Intermediate (WTI) crude experienced an 82-cent decrease, or a 1.1% drop, bringing its trading value to .17 a barrel.
The dip in oil prices is notably tied to the U.S. dollar's gain, which often moves inversely to oil prices due to its impact on the affordability of crude for holders of other currencies. The electoral uncertainty has played a significant role in strengthening the dollar as investors speculate on the potential policy implications of a Trump administration. This speculation has introduced an element of volatility into the market, reflecting on commodity prices such as oil.
Furthermore, the unexpected rise in U.S. crude stockpiles exerted additional pressure on oil prices. The increase in inventories suggests a potential softening in demand or an uptick in production, both of which can contribute to lower oil prices. This development adds another layer of complexity to the market, already grappling with geopolitical tensions and the unpredictable outcomes of the U.S. election.
Nov 06, 2024, 11:16 am IST
Euro Drops To Four-Month Low
The euro saw a decline of 1.5% in its value against the dollar, dropping to 1.0764, marking the lowest point it has reached since July 3.
In contrast, the dollar index, a measure of the US dollar's value relative to six other major currencies, experienced a significant increase, exceeding 1% to reach 104.785. This peak is the highest recorded since July 30.
Nov 06, 2024, 11:05 am IST
European Market Overview: EUROSTOXX 50 and DAX Futures Decline
We've seen a downturn in the EUROSTOXX 50 and DAX futures. This trend indicates a shift in investor sentiment and market dynamics, suggesting a cautious approach by traders towards European equities. EUROSTOXX 50 futures dropped 0.7%, while DAX futures fell 0.5% and FTSE futures turned flat, according to a Reuters report.
Nov 06, 2024, 10:52 am IST
US Presidential Election: How the Tight Race is Shaping ASX Markets
The fluctuations seen in the Australian Stock Exchange (ASX) today are a direct result of the unease that has gripped global markets. This nervousness is primarily due to the ongoing monitoring of the US presidential election by investors. As the world keeps an eye on the early voting stages of the US election, market experts anticipate a surge in volatility. Despite this expected turbulence, experienced investors are gearing up to approach the situation with a level of calmness.
Nov 06, 2024, 10:43 am IST
Bitcoin Hits Record High, Surpasses ,000 Mark Amid US Presidential Elections, Other Cryptos Join
Bitcoin has reached new heights, surpassing the ,000 mark for the first time in its history on Wednesday, fueled by early exit polls from the US presidential election that showed a narrow lead for Republican candidate Donald Trump. The cryptocurrency surged 8.4%, climbing to ,060, breaking its previous record of ,750.
Nov 06, 2024, 9:16 am IST
US Stock Market Live Updates: Market Show Upside
US futures and Asian markets open higher on Wednesday, ahead of US election results. While US markets rallied and closed near best levels on Tuesday.
Nov 06, 2024, 8:43 am IST
US Market Updates: Who Is Leading?
Republican Trump is leading in the preliminary count of the US vote
Nov 06, 2024, 1:57 am IST
US Market Updates: Treasury Yield Trade Firm
The 10-year Treasury yield inched up to 4.3% on Tuesday. As Trading Economics, the latest performance is due traders taking a cautious stance with Americans voting in a tightly contested presidential race. Polls suggest a tighter race between Kamala Harris and Donald Trump than initially expected, with market attention also focused on which party controls Congress, as a sweep could trigger significant changes in spending and tax policies.
Nov 06, 2024, 1:16 am IST
Nvidia Stock Top Bull
World's largest AI stock, Nvidia has surged by nearly 3% on the election day, becoming among top performing stocks. The company's market cap gained by as much .10 billion in a single-day.
Nov 06, 2024, 12:33 am IST
India Braces for Tariff Conflicts as US Presidential Election Approaches
India is poised to encounter more complex trade relations with the United States, regardless of whether Donald Trump or Kamala Harris takes office. Experts indicate that both outcomes are likely to usher in heightened protectionism and an intensified focus on "America First." Currently, Harris has not outlined her trade strategy, while Trump has taken a hardline approach, criticizing India for its elevated tariffs and limited market access.
Nov 06, 2024, 12:14 am IST
Trump Media Sees Surge in Trading Volume on Election Day
On Election Day, trading activity for Trump Media & Technology, the company behind Truth Social, skyrocketed to over 82 million shares, surpassing the monthly average of 52.1 million shares traded daily. This increase in volume aligns with the presidential election, as investors perceive the stock—trading under a ticker reflecting Donald Trump’s initials—as an indicator of his electoral prospects. It’s worth noting that the former president holds more than 50% of the company's shares.
Nov 06, 2024, 12:03 am IST
Dollar Weakens Ahead of US Election as Euro Volatility Hits Highest Levels Since 2008
The US dollar is facing downward pressure as the US election approaches, with polls suggesting a fiercely competitive presidential race. The Bloomberg Dollar Spot Index has dropped by 0.3%, marking its second consecutive day of declines. Aroop Chatterjee, a strategist at Wells Fargo, observed that traders are scaling back their long positions in the dollar, particularly as Vice President Kamala Harris appears to be gaining traction. Chatterjee expects more substantial fluctuations in currency values once the results from critical swing states begin to roll in after 8 pm ET.
As the US election approaches, all eyes are on the closely contested presidential race between former President Trump and Vice President Harris. With voters prioritizing the economy, the potential implications of the election outcome on economic policy are crucial. To shed light on this, Goldman Sachs consulted economists from both parties, including Kevin Hassett, former Chairman of the Council of Economic Advisers under Trump, and Jared Bernstein, the current Chairman. They discussed various economic policies—ranging from tariffs to taxes and deregulation—highlighting both stark contrasts and some similarities in their approaches. Alec Phillips, Goldman Sachs’ Chief US Political Economist, added insights on potential shifts in fiscal, trade, immigration, and regulatory policies.
Nov 05, 2024, 11:06 pm IST
US Stocks Maintain Momentum as Presidential Voting Begins
US stocks held onto their gains as voting commenced in a presidential election poised to significantly impact economic policy. The S&P 500 increased by 1%, buoyed by a remarkable 23% surge in Palantir Technologies Inc., following the company’s impressive quarterly revenue report. The tech-heavy Nasdaq 100 also benefited from strong performances by Nvidia Corp. and Tesla Inc. In the bond market, Treasuries declined after new data revealed that the U.S. service sector expanded at its fastest pace in over two years, pushing ten-year yields up by seven basis points to 4.36%. Meanwhile, the dollar weakened in response to the unfolding election dynamics.
Nov 05, 2024, 10:53 pm IST
Technical Glitches Disrupt Voting in Key Pennsylvania Counties on Election Day
On Election Day, officials have reported significant technical problems with voting machines and software in two predominantly Republican counties in Pennsylvania, a pivotal state in the electoral process. The counties affected are Cambria and Bedford, both of which strongly supported former President Donald Trump in the last election, with Trump receiving 68% of the vote in Cambria County and 83% in Bedford County. Voters in Cambria County encountered difficulties early in the day while trying to scan their ballots. “The Cambria County Board of Election learned early this morning that a software malfunction in the County’s Electronic Voting System has prevented voters from scanning their ballots,” stated Ron Repak, Cambria County’s Solicitor. These issues raise concerns about the integrity and smooth operation of the electoral process in these crucial areas.
Nov 05, 2024, 10:34 pm IST
Emerging-Market Currencies Decline as Stocks Climb Before US Election
Emerging-market currencies experienced a slight dip while equities advanced for the third consecutive session, reflecting the tension in global markets ahead of a closely watched US presidential election that could impact economic policy. The MSCI emerging currencies index fell by 0.1%, with Latin American currencies at the forefront of the decline. The Mexican peso weakened following strong ISM services data, which fueled speculation that the Federal Reserve might pause its easing cycle in December.
Nov 05, 2024, 10:25 pm IST
Cryptocurrency Market Sees Gains as Investors Anticipate US Election Outcomes
Bitcoin increased by 3% to ,053.56, remaining just 5% shy of its all-time high, as investors closely monitored the unfolding US presidential election between Kamala Harris and Donald Trump. Memecoins also enjoyed significant rises, with dogecoin climbing 12% and Shiba Inu gaining 8%. Additionally, crypto-related stocks, including Coinbase (+3%) and MicroStrategy (+8%), experienced upward movement. The election is deemed crucial for the cryptocurrency landscape, with Harris perceived as more cautious towards the industry, while Trump positions himself as a pro-crypto supporter.
Nov 05, 2024, 10:17 pm IST
Nvidia and Tesla Gain Ground Amid Election Uncertainty
Nvidia's stock rose by 2%, demonstrating its resilience amid the uncertainty of the US election results. Tesla shares increased over 3%, potentially poised to benefit from either political outcome, especially given CEO Elon Musk's connections to Donald Trump. Meanwhile, Palantir experienced a remarkable 16% surge following robust quarterly earnings and optimistic revenue forecasts. In contrast, NXP Semiconductors saw a 7% decline, attributed to a cautious outlook influenced by broader macroeconomic concerns.
Nov 05, 2024, 9:55 pm IST
US Crude Oil Exports Fall to 20-Month Low in September Amid Demand Shift
In September, US crude oil exports declined to 3.722 million barrels per day (b/d), marking a 20-month low according to the Census Bureau. This represents a 4.8% drop from August and a 10% decline year-over-year. Europe maintained its position as the leading importer, taking in 1.77 million b/d, while exports to Asia reached a three-month high of 1.465 million b/d. Key buyers included the Netherlands, South Korea, and Canada. Notably, exports to China resumed, with 2,35,000 b/d shipped in September following no imports in August.
Nov 05, 2024, 9:48 pm IST
Oil Prices Climb on OPEC+ Cuts, Middle East Tensions, and US Election Uncertainty
Oil prices advanced as West Texas Intermediate (WTI) rose 1% to over per barrel, driven by OPEC+ supply cuts and rising tensions in the Middle East. Brent crude approached . The close US presidential race adds to market speculation on potential policy shifts affecting oil, from renewed sanctions on Iran to potential easing of regulations on Russian oil under a Trump administration. Despite over a 10% drop in WTI prices since June due to weaker demand from China and increased global supply, escalating conflicts in the Middle East continue to fuel volatility.
Nov 05, 2024, 9:38 pm IST
Dollar Softens as Traders Brace for Tight US Election Amid Volatility
The US Dollar slipped on Tuesday as traders adjusted positions in anticipation of a close US presidential election. Options volatility surged after recent polls shook some market expectations of a Republican win for Donald Trump.
Nov 05, 2024, 9:33 pm IST
Tech Surge Lifts US Markets as Presidential Voting Kicks Off
US markets gained momentum, driven by a strong rally in technology stocks as Americans headed to the polls for a pivotal presidential election. The Nasdaq 100 rose 1.1%, fueled by Palantir’s impressive 20% jump following record profits and increased demand for its AI software. Leading tech firms like Tesla and Nvidia also posted solid gains. Wall Street remained vigilant for potential election-night volatility, closely watching assets like the Mexican peso, Bitcoin, and key volatility measures tied to the S&P 500 and Treasuries.
Nov 05, 2024, 9:25 pm IST
European Stocks Slip Amid Anticipation of Tight US Election and Fed Rate Decision
European markets edged lower as investors braced for a closely contested US election and the Federal Reserve’s rate decision. The Stoxx Europe 600 declined 0.3%, with the automotive and healthcare sectors posting the steepest losses. Ferrari shares fell due to lower shipments attributed to a slowdown in China, Vestas Wind Systems dropped after cutting its earnings forecast, and Schroders slid following warnings of potential further outflows. The US presidential race between Donald Trump and Kamala Harris remains neck-and-neck; a Harris victory could shift investor attention back toward European equities, putting additional pressure on US stocks.
Nov 05, 2024, 9:15 pm IST
US Services Sector Hits Two-Year Peak in October ISM PMI
The ISM Services PMI for October climbed to 56.0, beating the previous month’s 54.9 and reaching its highest level since July 2022. While business activity and new orders saw minor declines, employment rose to 53.0, the highest since August 2023, and the prices paid index eased to 58.1.
Nov 05, 2024, 8:59 pm IST
US Market Updates: Top Performers
Tech, consumer discretionary and communication services were the top performing sectors while real estate, health and materials underperformed. Megacaps were mostly higher, namely Nvidia (1.6%) and Meta (1.4%). Broadcom (1.9%) and Tesla (3%) also booked strong gains. Meanwhile, Boeing traded little changed as workers voted to accept a new labor deal and end the strike, as per Trading Economics.
Nov 05, 2024, 8:53 pm IST
US Market Live Updates: Indices In Bullish Trend
US stock market entered into a bull run after its opening bell on November 5. So far, Dow Jones has jumped by 0.65%, while S&P 500 index climbed about 0.85%. Meanwhile, Nasdaq Composite index soared by 1.12%, outperforming others. Here are the latest intraday high of these indices on election day.
Nov 05, 2024, 8:51 pm IST
US Market Live Updates: Spot Gold Above ,730
Spot gold traded steady above 0.05% to ,738.18 an ounce, at the time of writing. The XAU/USD ranged from ,724.78 to ,750.01 an ounce during the day.
Nov 05, 2024, 8:43 pm IST
US Market Live Updates: S&P 500 In Bull Run
This index climbed as much as 0.85% to hit an intraday high of 5,761.63 in the early trade of November 5th. At present, S&P 500 surged by 41.66 points or 0.72% to trade at 5,753.82.
Nov 05, 2024, 8:41 pm IST
US Market Live Updates: Nasdaq Outperforms
The tech-heavy index Nasdaq Composite outperformed its counterparts, by surging over 1.12% to hit an intraday high of 18,384.05 on election day. Currently, the index is up by 185.48 points or 1.02% to perform at 18,366.67.
Nov 05, 2024, 8:39 pm IST
US Stock Market Live Updates: Dow Jones Rally
The Dow Jones Industrial Average or DJIA traded on a bullish note. The index crossed over 42,000 mark, to hit an intraday high of 42,058.83. Currently, the index is up by 253.53 points or 0.61% to trade at 42,048.13.
Nov 05, 2024, 8:05 pm IST
Election Live Updates: Global Currencies Strengthen Against Dollar
Amidst US election outcomes uncertainty, the dollar index has witnessed an offloading from investors, weakening it against a basket of currencies. Euro (EUR/USD) appreciated to a two-week high to .087. While British pound also jumped to .3 per dollar, recovering from its 2-and-half month low. Also, the Australian dollar and New Zealand dollar appreciated against USD.
Nov 05, 2024, 7:48 pm IST
US Election Live Updates: Dollar Jittery
On Tuesday, against a basket of global currencies, US dollar index held onto losses, extending from the previous session. The dollar faces pullback due to uncertainties hovering on US Presidential Election 2024 outcomes. The dollar was around 103.9, weakening by 0.27%. YTD, dollar has weakened by 1.5%.
Nov 05, 2024, 7:17 pm IST
Election Results Live Updates: US Trade Deficit Widened
The United States trade deficit widened to .4 billion in September 2024, becoming the highest level since April 2022. Also, trade deficit came above expectations. In the month under review, US exports came in at 7.9 billion, down by 1.2%.
Nov 05, 2024, 6:40 pm IST
Wall Street Live Updates: What does Harris have in store for the Americans and the world?
JM Financial: Harris’ policies are largely status quo. She has indicated her preference for: (1) increasing spending through an increase in taxes on corporates and wealthy Americans and not raising taxes on anyone making < 400,000 USD (2) status quo on tariffs (continuing with the tariffs levied by Trump and Biden previously) (3) taking steps to curb the inflow of incremental illegal immigrants (but not mass deportations) (4) continued support to Ukraine, NATO, Israel and Taiwan and (5) not influencing the Fed.
Nov 05, 2024, 6:38 pm IST
Wall Street Live Updates: What does Trump have in store for Americans and the world?
JM Financial: Trump’s policies are relatively expansionary in nature. He has indicated his preferences for: (1) lowering tax rates for corporates (especially those manufacturing in the US) (2) ~60% or higher tariffs on imports from China and 10-20% on the rest of world, (3) mass deportation of illegal immigrants, which could impact labour supply, (4) Cut aid to Ukraine, curb participation in NATO, while continuing to support Israel and the protection of Taiwan, and (5) increased influence over the Fed. We believe his policies could lead to higher interest rates, a strong US dollar and slowdown in global growth.
Nov 05, 2024, 6:32 pm IST
US Election Results: What Does Market Focus On?
As per Trading Economics, recent polls suggest a tight race between Vice President Kamala Harris and former President Donald Trump, with markets also focusing on which party will control Congress as a potential sweep could bring significant shifts in spending and taxation policies. Investors are also awaiting the Federal Reserve's policy decision later this week, where a more cautious 25-basis-point rate cut is widely expected.
Nov 05, 2024, 6:30 pm IST
US Market Live Updates: US Stock Futures Steady On Election Day
US stock futures held a steady momentum on Tuesday, as the country votes in the 2024 presidential election. At the time of writing, Dow Jones futures is up by 24 points or 0.06% t trade at 41,980. While S&P 500 Index Futures inched up by 0.13% to perform at 5,750.50. Meanwhile, the Nasdaq-100 Futures outperformed its counterparts to surge by 0.3% to trade at 20,136.00.
Nov 05, 2024, 6:25 pm IST
US Market Live Updates: Previous Session
Ahead of the US election on November 5, Wall Street witnessed bearish tone on November 4, Monday. Dow Jones Industrial Average or DJIA ended at 41,794.60, down by 257.59 points or 0.61%. While S&P 500 index closed at 5,712.69 lower by 16.11 points or 0.28%. Lastly, Nasdaq closed at 18,179.98 below 59.93 points or 0.33%.
Click it and Unblock the Notifications
Sign in with Google