Thursday, November 14, 2024
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Election evening updates and influences


United States supply futures pressed greater as capitalists support for the outcomes of the United States governmental political election, which have actually started rolling in and will certainly remain to over the following numerous hours.

Near 9 p.m. ET, agreements on the tech-heavy Nasdaq 100 (NQ= F) climbed 0.4%, while S&P 500 futures (ES= F) relocated approximately 0.6% greater. Dow Jones Industrial Average futures (YM= F) were up around 0.7% on the heels of a winning day for supplies.

Stocks ended up Tuesday’s session sturdily in the eco-friendly as Americans gathered to the surveys to make a decision whether Kamala Harris or Donald Trump will certainly end up being the following head of state.

Polls in states consisting of Georgia, North Carolina, Pennsylvania, Florida, and Virginia, to name a few, are currently shut. The continuing to be states will certainly close down their corresponding ballot terminals within the following couple of hours, with many ballot places readied to nearby 11 p.m. ET.

So much, Trump has actually safeguarded 137 selecting university ballots while Harris has actually asserted 99, according to the Associated Press.

As the outcomes begin to drip in, capitalists will very closely inspect any kind of activity in supply futures, provided the opportunity of temporary market volatility. It’s feasible the end result of the political election might not end up being clear for days and even weeks.

Read much more: The Yahoo Finance overview to the governmental political election and what it implies for your budget

Both Harris and Trump have actually made their final pitches to citizens. Trump vowed final tolls and much less cash for chips while Harris guaranteed to “seek common ground” in her last rally in Philadelphia on Monday.

LIVE 14 updates

  • Michael B. Kelley

    7 ‘political election professions’ Citi is enjoying

    Citi experts described “election trades to track,” and YF’s Rick Newman highlighted seven of them: solar energy, fossil fuels, deregulation, tariffs, inflation, antitrust, and housing.

    A reminder that while stocks don’t care who the president is, and mostly like certainty, the election results will have implications across industries. Read more here.

  • Alexandra Canal

    Tesla stock rises 3% with all eyes on election results

    Tesla (TSLA) stock rose 3% in after-hours trading as election results continued to pour in Tuesday night.

    More results are expected to be announced in the coming hours.

    Tech billionaire Musk, who serves as the CEO of Tesla (TSLA) and SpaceX and also owns social media platform X (formerly Twitter), has been outspoken about his support of Trump ahead of the election.

    Trump has even said he would consider a Cabinet position for Musk but that the businessman likely would not be able to serve “with all the things he’s got going on.”

    Intelligent Alpha CEO and founder Doug Clinton told Yahoo Finance’s Market Domination on Tuesday that “it will be a very interesting night for Elon Musk.”

    “He’s obviously made a really big bet on the election going one direction,” said Clinton, who is also managing partner at Deepwater Asset Management. “I think if it goes against him — if Kamala Harris is elected president — I think it probably is a negative for him.”

    It’s possible Tesla could still benefit from a Harris presidency, given she could provide further tax incentives for electric vehicles as part of a continuation of Biden’s green energy push.

    As a result, if Trump loses, Musk could likely “find some way to try to mend fences,” Clinton said.

    “Elon probably has done more for bringing sustainable energy into the markets, kind of into the mass markets, really in the US and globally than maybe anybody else in the world,” he said.

    Tesla shares are up about 1% since the start of the year.

  • Ben Werschkul

    5 things financial observers should watch Tuesday night that aren’t Trump vs. Harris

    The race between Vice President Kamala Harris and former President Donald Trump could come down to coin-flip odds and may not be known for hours (if not days).

    But that doesn’t mean there aren’t a lot of results that could sway markets. Everything from which party will lead key congressional committees to the sway that certain industries like cryptocurrencies will have in Washington, D.C., are also on the ballot.

    Curious what races Jamie Dimon and crypto executives will be watching most closely? Read on here.

  • Brian Sozzi

    Eyes on bond yields Wednesday morning

    A lot of folks on the Street I have chatted up this week are bracing for a big move in markets Wednesday morning, as the belief is that the winner of the election will be known later on tonight. Moreover, either winner would be seen as a surprise for markets (weird how these things are viewed by investors). Take that with a grain of salt, as such groupthink could mean we don’t get a big move in markets on Wednesday.

    Amid the action, I would keep a close eye on bond yields, as markets could very well take their direction from them, based on my conversations. It’s a point the Goldman Sachs team made today in a note making the rounds this evening:

    “The upcoming US elections could drive further upward pressure on global bond yields and indigestion for equities,” said Goldman Sachs strategist Andrea Ferrario.

    Ferrario added, “Rising bond yields might eventually become a speed limit for equities if real yields start to increase (vs. real GDP growth expectations) or if increases in bond yields are too rapid.”

  • Alexandra Canal

    Futures higher, crypto surges

    Futures moved firmly into green figures on Tuesday evening as early results from the US presidential election rolled in while cryptocurrencies surged and the US dollar also gained.

    Near 8 p.m. ET, contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%, while S&P 500 futures (ES=F) moved roughly 0.5% higher. Dow Jones Industrial Average futures (YM=F) were up about 0.7%.

    The price of bitcoin (BTC-USD) was also up as much as 4.5% to trade north of $71,000. The dollar was also stronger against most major currency pairs, including the yen and euro.

    So far, Trump has won Kentucky, West Virginia, South Carolina, Alabama, Mississippi, Oklahoma, Florida, Tennessee, and Indiana, while Harris has claimed Vermont, Rhode Island, Connecticut, Maryland, and Massachusetts, according to the Associated Press.

  • Alexandra Canal

    DJT stock jumps 20% after hours as early votes roll in

    Trump Media & Technology Group stock (DJT) surged more than 20% in after-hours trading on Tuesday as early votes showed Trump clinch Kentucky and Indiana.

    The stock had a wild session during market hours after trading was halted several times due to volatility. Shares somewhat recovered from steeper losses but still closed down a little over 1%.

    Shortly after the market close, DJT reported third quarter results that revealed a net loss of $19.25 million for the quarter ending Sept. 30. The company also reported revenue of $1.01 million, a slight year-over-year drop compared to the $1.07 million it reported in the third quarter of 2023.

    Read more here.

  • Michael B. Kelley

    The Senate races to watch

    via Colin Campbell of Yahoo News:

    Democrats hold a 51-49 edge in the Senate. To hold onto the majority in the chamber, Democrats will need 51 seats if Donald Trump wins or 50 seats if Kamala Harris is the victor. This will be a difficult path for Democrats because the key Senate races are largely fought on Republican-friendly territory, and the national party has already conceded the West Virginia seat held by outgoing Sen. Joe Manchin.

    Here are the races most observers are following:

    Arizona: Rep. Ruben Gallego (D) vs. former TV anchor Kari Lake (R)
    Florida: Sen. Rick Scott (R) vs. former Rep. Debbie Mucarsel-Powell (D)
    Maryland: Former Gov. Larry Hogan (R) vs. Prince George’s County Executive Angela Alsobrooks (D)
    Michigan: Rep. Elissa Slotkin (D) vs. former Rep. Mike Rogers (R)
    Missouri: Sen. Josh Hawley (R) vs. Marine veteran Lucas Kunce (D)
    Montana: Sen. Jon Tester (D) vs. Navy SEAL veteran Tim Sheehy (R)
    Nebraska: Sen. Deb Fischer (R) vs. union leader Dan Osborn (I)
    Nevada: Sen. Jacky Rosen (D) vs. Army veteran Sam Brown (R)
    Ohio: Sen. Sherrod Brown (D) vs. businessman Bernie Moreno (R)
    Pennsylvania: Sen. Bob Casey (D) vs. businessman Dave McCormick (R)
    Texas: Sen. Ted Cruz (R) vs. Rep. Colin Allred (D)
    Wisconsin: Sen. Tammy Baldwin (D) vs. businessman Eric Hovde (R)

    Check out the Yahoo News liveblog >

  • Ben Werschkul

    Elon Musk will be spending election night in Florida with Trump

    Tesla (TSLA) CEO Elon Musk confirmed Tuesday evening that he’ll be spending election night with Donald Trump as the results come in.

    “I’m headed to Florida,” he stated on a livestream on X, previously Twitter, very early Tuesday night. “I’ll just be there with President Trump and JD [Vance] and a bunch of other cool people,” he included. The remark validated an earlier New York Times report that Musk would certainly he headed to Florida this night.

    It’s the latest example of Musk’s extraordinarily close links with Trump in the final stages of the campaign after the world’s richest man spent over $130 million with the aim of returning former President Trump to office.

    At a recent closely watched Madison Square Garden rally in New York City, Musk was the final speaker before Trump’s wife, Melania, took the stage.

    Other prominent figures in Trump’s orbit are set to be elsewhere Tuesday night, including House Speaker Mike Johnson, who will spend at least the early part of the evening in his home state of Louisiana.

    Musk also added Tuesday evening that he’d just voted himself in south Texas, where his company SpaceX has a facility.

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    Alexandra Canal

    yf-1pe5jgt”>More states close polls

    The next crop of states have officially closed their respective voting polls: Georgia, Florida, South Carolina, and Virginia, among a slew of others.

    The remaining states will close in the next few hours. All polling locations are set to close by 11 p.m. ET.

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    Rick Newman
  • Ben Werschkul
  • Michael B. Kelley

    c343a78d-ab42-459a-ab0d-1777f8a669ca(* )blog-post” >”>Top issues for voters, according to early exit polls: Democracy, economy, abortion

    Exit polls released by NBC News, Fox News, CNN, and other TV networks on Tuesday afternoon indicate some of the top issues for voters.

    via Bloomberg: “Around yf-1pe5jgt Immigration yf-1pe5jgt Abortion yf-1pe5jgt Only caas-liveblogpost yf-1yejq1p

  • Rick Newman

    5, 2024 at 11:36 PM UTC(* )< h2 course =" heading yf-1yejq1p">Some tips for tracking tonight’s election returns

    Our job at Yahoo Finance tonight is to track market implications of election developments, not to parse election returns at the county level and draw maps and circles all over wall-sized maps of Pennsylvania and Georgia. But I set up a feed on X, formerly Twitter, with a few experts on election returns, for anybody who wants to go deep into the districts tonight. Anybody can follow that feed for sharp analysis of what early returns are telling us. Just click the link above and follow my list, which I’ve cleverly labeled “Election night.”

    election night list rel=Click target=”_blankLouslk:feed on X, formerly Definitely,;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas

    Iflink @YahooFinanceyf-1pe5jgt”>,@rickjnewman 5, 2024 at 11:15 PM UTC @benwerschkul

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