Futures Pointing To Sharply Higher Open After ‘Blue Wave’ In Midterm Elections

Following the mixed performance seen in the previous session, stocks are likely to move mostly higher in early trading on Wednesday. The major index futures are currently pointing to initial strength on Wall Street, with the S&P 500 futures up by 1 percent.

The futures came under pressure overnight in reaction to the Democrats’ decisive victory in the midterm elections but have shown a substantial turnaround as trade digest the results.