Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Nasdaq 100 futures fall over 1% as US polls close with Democrat sweep bets at a high

@KobeissiLetter+1 ·
QQQ
Nasdaq 100 futures fall over 1% as US polls close with Democrat sweep bets at a high
  • Nasdaq 100 futures fell over 1% as US polls began closing, dropping from about 28,500 near 18:00 to 28,053.50 near 19:35.
  • Market expectations for a Democrat sweep reached a new high as polls closed.
  • Prediction markets priced Democrats at roughly 94% to win the House and 77% to win the Senate ahead of midterm results due overnight Wednesday.
  • The S&P 500 rose 0.36% to 7,568.92 on Tuesday, snapping a three-day losing streak, and the Nasdaq Composite gained 0.83%, before the futures decline.
  • ADP payrolls and ISM Services are due Wednesday, and the October jobs report is due Friday at 8:30 AM ET.

Quotes

“Market expectations for a Democrat "sweep" are up to a new high.”— @KobeissiLetter

Sources

Nasdaq 100 futures fall over 1% as US polls close with Democrat sweep bets at a high — Heurist Finance