Dow futures rise about 200 points ahead of U.S. Election Day

 Dow futures rise about 200 points ahead of U.S. Election Day

U.S. stock futures rose in early morning trading as investors waited for Tuesday’s presidential election between incumbent Donald Trump and former Vice President Joe Biden.

Dow futures rose 309 points. S&P 500 futures and Nasdaq 100 futures both also traded in mildly positive territory.

Stocks rebounded on Monday from a sell-off to end October that was driven by a rise in Covid-19 cases, a breakdown in economic stimulus talks, and uncertainty about the election.

On Monday, the Dow Jones Industrial Average climbed 423 points, or 1.6%. The S&P 500 also registered a gain of 1.23%. The Nasdaq Composite was the relative underperformer, adding just 0.4% as Facebook, Amazon, Apple and Microsoft all closed lower.

“Today’s strong stock market gain was fueled by technical support – a stock market which bounced decisively from its recent lows, a nod to ongoing economic momentum, despite a recent spike in Covid cases,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “As the election finally nears, investors who were selling on the rumor

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Redak staff

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