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Wall Street shares were looking for a potentially optimistic start on Wednesday, as US stock futures climbed following mid-term elections that did not have any negative consequences, and the dollar's fall.
What is the performance of benchmarks?
Dow Jones Industrial Average – Futures Contracts
YMZ8, + 0.69%
increased by 201 points, or 0.8%, to 25,838, while futures contracts on the S & P 500 index
ESZ8, + 0.88%
earned 26 points, or 0.9%, at 2 784.75. Nasdaq-100
NQZ8, + 1.28%
jumped 90.25 points, or 1.3%, to 7,105.
DJIA, + 0.68%
Tuesday, the Dow Jones Industrial Average
DJIA, + 0.68%
up 173.31 points, or 0.68%, to 25,635.01, the S & P 500 index
SPX, + 0.63%
increased by 0.63%, and the Nasdaq Composite Index
COMP + 0.64%
climbed 0.64%, or 47.11 points, to 7,375.96.
The Dow closed at a high of the session as the S & P 500 and Nasdaq finished the day under Tuesday's best levels.
What motivates the market?
The results of the mid-term elections in the United States are largely in line with forecasters' forecasts: Democrats are about to take control of the House and Republicans are holding onto the Senate. The results could have implications for President Donald Trump's legislative agenda, but for the moment, the markets look optimistic as any immediate uncertainty fades.
Lily: How the midterms have marked history: many firsts emerge from the results of the night of the elections
Trump also posted signs of compromise, saying it was earlier in the week that Democrats were going to win a victory in the House.
Watch: How a divided congress could challenge traffic jams
Investors could quickly turn to a two-day meeting of the Federal Reserve that will end Thursday, although the central bank should not act on interest rates.
What do the strategists say?
"In the margins, the mid-term elections in the United States will result in preventing further fiscal easing, increasing the likelihood of the economic cycle reaching its peak, while leaving the president free to pursue his policy. "said Kit Juckes, strategic director at Société Générale, in a note.
"The change of power in the House will make President Trump's life a bit more difficult, but it seems that market players are focusing on the more important issues that will have a long-term effect on equities, namely the trade war. US-Chinese and the tightening of the Fed. cycle, "said Konstantinos Anthis, head of research at ADSS.
How are other markets traded?
European shares
SXXP, + 1.16%
pushed up, while in Asia the shares ended on a mixed note.
The greenback has seen some of the biggest moves as a result of mid-term changes, with the ICE dollar index
DXY, -0.55%
fall of 0.6% to 95.765. 10-year Treasury Bill yield
TMUBMUSD10Y, -1.06%
fell 3 basis points to 3.179% after hitting its highest level since Oct. 10 on Tuesday.
Oil price
CLZ8, + 0.92%
down 0.4%, futures contracts on
GCZ8, + 0.75%
increased by 0.7%.
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