US stock futures rise following Election Day gains

Dow (INDU)futures have been up 207 factors, or almost 0.8%. S&P 500 (SPX) futures climbed 0.7% and Nasdaq (COMP) futures gained 0.5%.
The futures rise follows strong gains for US shares on Election Day.

The Dow closed Tuesday up 555 factors, or 2.1%, increased, its finest proportion achieve since mid-July. The S&P 500 closed 1.8% increased, its finest day in a month. The Nasdaq Composite completed 1.9% increased — its finest efficiency since mid-October.

Hopes for extra authorities spending to assist the financial restoration within the near-term boosted markets and riskier investments like shares. The gains additionally mirrored Wall Street’s guess that former Vice President Joe Biden will win the election.

Analysts at Goldman Sachs (GS) mentioned Tuesday there’s a good chance the winner will probably be declared Tuesday evening as a result of swing states like Florida, Arizona, Georgia and North Carolina will report outcomes shortly. That certainty would additionally probably be a lift to markets.
Looking forward, Wendy’s (WEN), Allstate (ALL) and Hilton (HLT) report earnings on Wednesday.

— CNN’s Anneken Tappe contributed to this report.

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