Investing.com — U.S. stock index futures remained range-bound and firm in Tuesday night trading after strong trading on Wall Street as investors awaited the results of a closely contested presidential election. .
Futures were firmer, helped by a rebound in tech stocks from recent declines, while other sectors balked on better-than-expected Purchasing Managers Index data for October as Wall Street surged in trading. I was supported.
Markets were also widely expecting the US Federal Reserve to cut interest rates on Thursday.
It rose 0.1% to 5,818.0 points, but stabilized at 20,337.75 points by 18:24 ET (23:24 GMT). It rose by 0.1% to 42,426.0 points.
Trump wins Indiana and Kentucky, Harris wins Vermont
Early reports said Donald Trump led Kamala Harris in Indiana and Kentucky, with Harris winning Vermont.
Initial tallies showed Trump leading the presidential candidates with 19 electoral votes, followed by Harris with three.
In the lead-up to the vote, polls showed Harris and Trump tied, with uncertainty remaining high about the potential outcome.
The election will also determine control of the Senate and House of Representatives, and how much leeway the new president has to enact major policy changes.
Wall Street optimistic about tech recovery, Fed watching
Wall Street indexes rose sharply on Tuesday, recovering from recent losses driven by gains in technology stocks. Expectations for interest rate cuts by the Federal Reserve are also factored into risk appetite.
It rose 1.2% on Tuesday to 5,782.76 points and rose 1.4% on Tuesday to 18,438.62 points. It rose 1% to 42,221.88 points.
All three indexes have continued to fall from record highs in late October, driven by mixed results from large tech companies, while uncertainty over future Fed rate cuts also weighed on them. Ta.
The central bank is widely expected to make a decision at the end of its two-day meeting on Thursday.
Given recent signs of stickiness in US inflation, any signals regarding the Fed's future rate cut plans will be closely monitored. The central bank has signaled that it will take a largely data-driven approach to future easing.
