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Cryptocurrency News Articles

Stock Market Election News Live Coverage: DJT, TSLA, Bitcoin, Treasury Yields React to Trump vs. Harris Race

Nov 06, 2024 at 06:01 am

The stock market rallied Tuesday into election results, with strong gains on the indexes. Follow along for timely updates for stock market election reaction Tuesday night.

Stock Market Election News Live Coverage: DJT, TSLA, Bitcoin, Treasury Yields React to Trump vs. Harris Race

Here is IBD's stock market election news live coverage, as former President Donald Trump and Vice President Kamala Harris close out a tight race.

Dow Jones futures, bitcoin, Treasury yields and more will take their cue from Tuesday's results. So will individual stocks such as Tesla (TSLA) and Trump Media & Technology (DJT).

The stock market rallied Tuesday into election results, with strong gains on the indexes.

Follow along for timely updates for stock market election reaction Tuesday night.

8:14 p.m. ET

Futures Keep Building Gains

Votes are still trickling and there have been no victories in swing states to give a strong sense of the election's outcome, but markets aren't waiting.

Dow futures rose 0.75%, S&P 500 futures climbed 0.6% and Nasdaq 100 futures advanced 0.3%.

The 10-year Treasury yield climbed to 4.35%.

Bitcoin is above $71,000.

Polymarket has Trump with a 68% chance of victory.

8:04 p.m. ET

Extended Trading Over

Extended trading for U.S.-listed stocks ends at 8 p.m. ET, but Robinhood and Interactive Brokers do offer 24-hour trading for many stocks, including Trump Media and Tesla.

Trump Media stock ended the official late-night session up 10.4%, with Tesla stock up 2.9%.

Futures, bitcoin, bond yields and more will keep trading.

8:02 p.m. ET

Pennsylvania Polls Close

The Keystone state will begin reporting votes. Expect a lengthy count, because Pennsylvania didn't start processing mail-in ballots until Election Day.

7:59 p.m. ET

Key Stock Sectors Rise

The Industrial Select Sector SPDR Fund (XLI) rose 1%.

The Financial Select SPDR ETF (XLF) climbed 1.2%

The Consumer Discretionary Select Sector SPDR (XLY) gained 1.1%, buoyed by Tesla stock.

7:52 p.m. ET

Futures Strong But A Long Way To Go

Dow futures were up 0.6%, S&P 500 0.45% and Nasdaq 100 0.2%.

Bitcoin has jumped above $71,000.

The 10-year Treasury yield has climbed to 3.41%.

DJT stock is up 19%, while Tesla is up 3%.

Most polls are still open and vote counts are just trickling in. Pennsylvania, pegged as the decisive state, doesn't stop voting for a few more minutes. The count there could take days.

7:39 p.m. ET

Justice Prevails In West Virginia Senate Race

As expected, Jim Justice won the open West Virginia Senate seat, flipping that to the Republicans.

7:33 p.m. ET

Futures, Bitcoin Rise On Trump Election Bets

Dow Jones futures rose 0.5%, S&P 500 futures 0.4% and Nasdaq futures 0.2%.

Bitcoin rose to about $70,600.

Trump Media stock spiked 20% and Tesla stock jumped more than 4%.

As for prediction markets, Polymarket now sees a Trump victory at 61.5%. At PredictIt, one of the more favorable betting sites for Harris, Trump opened up a lead.

Trump is making a strong showing in Florida, though he was expected to win the Sunshine State.

North Carolina polls have closed.

7:21 p.m. ET

Election Market Update

Dow Jones futures climbed 0.3% and S&P 500 futures rise 0.2%. Nasdaq 100 futures tilt higher.

Bitcoin edges up to about $69,850.

The 10-year yield ticked up to 4.3%.

7:06 p.m. ET

Georgia Polls Close

It starts to get real. Polls closed at 7 p.m. ET in several states, including hotly contested Georgia. Some Georgia polling stations stayed open after fake bomb threats forced their temporary closure.

Vote counts are underway, but it'll be some time to get a sense of whether Kamala Harris or Donald Trump is outperforming.

North Carolina is next at 7:30 p.m. ET, with Pennsylvania due at 8 p.m. ET.

6:53 p.m. ET

Dow Futures Edge Higher

Dow futures rose 0.1%, along with futures for the S&P 500 and the Nasdaq 100.

6:42 p.m. ET

Election 20

News source:www.investors.com

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