New York – U.S. stock futures rose in volatile trading on Tuesday night as results of a widely anticipated midterm election started to trickle in.
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Dow Jones Industrial Average futures rose 120 points after briefly falling about 100 points. S&P 500 and Nasdaq 100 also traded higher after slipping earlier in the evening. They opened for trading at 6 p.m. ET.
“These are early results, but markets are extrapolating a much higher probability that Republicans keep the House and they can make big gains in the Senate,” said Dan Clifton, head of policy research at Strategas Research. “The caution is this is early and it could change.”