Expectations of Trump Winning Boost Futures on Wall Street

Forex - Stock futures on Wall Street rose as President Donald Trump began to gain an advantage in the presidential race. The Dow Jones Industrial Average futures increased by 500 points or about 1.2%. S&P 500 futures gained 1.1%, and Nasdaq 100 futures also rose by 1.1%. Bitcoin and the US dollar, which are expected to rise if Trump wins, climbed above $73,000. Additionally, small-cap Russell 2000 futures, which are predicted to benefit Trump, increased by 3%. Americans cast their votes nationwide in the tight race between Trump and Vice President Kamala Harris. NBC News predicts that both candidates will win several states where they were heavy favorites going into the night, including Maryland for Harris and Florida for Trump, while key swing states Georgia and Pennsylvania remain too close to call. According to NBC, Trump has won the state of Kansas.