The race between Vice President Kamala Harris and former President Donald Trump could come all the way down to coin-flip odds and will not be known for hours (if not days).

But that does not imply there aren’t plenty of results that might sway markets. All the pieces from which party will lead key congressional committees to the sway that certain industries like cryptocurrencies could have in Washington, D.C., are also on the ballot.

Curious what races Jamie Dimon and crypto executives can be watching most closely? Read on here.

A variety of folks on the Street I actually have chatted up this week are bracing for an enormous move in markets Wednesday morning, as the idea is that the winner of the election can be known in a while tonight. Furthermore, either winner could be seen as a surprise for markets (weird how these items are viewed by investors). Take that with a grain of salt, as such groupthink could mean we don’t get an enormous move in markets on Wednesday.

Amid the motion, I might keep an in depth eye on bond yields, as markets could thoroughly take their direction from them, based on my conversations. It’s some extent the Goldman Sachs team made today in a note making the rounds this evening:

“The upcoming US elections could drive further upward pressure on global bond yields and indigestion for equities,” said Goldman Sachs strategist Andrea Ferrario.

Ferrario added, “Rising bond yields might eventually change into a speed limit for equities if real yields start to extend (vs. real GDP growth expectations) or if increases in bond yields are too rapid.”

Futures moved firmly into green figures on Tuesday evening as early results from the US presidential election rolled in while cryptocurrencies surged and the US dollar also gained.

Near 8 p.m. ET, contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%, while S&P 500 futures (ES=F) moved roughly 0.5% higher. Dow Jones Industrial Average futures (YM=F) were up about 0.7%.

The value of bitcoin (BTC-USD) was also up as much as 4.5% to trade north of $71,000. The dollar was also stronger against most major currency pairs, including the yen and euro.

Thus far, Trump has won Kentucky, West Virginia, South Carolina, Alabama, Mississippi, Oklahoma, Florida, Tennessee, and Indiana, while Harris has claimed Vermont, Rhode Island, Connecticut, Maryland, and Massachusetts, in line with the Associated Press.

Trump Media & Technology Group stock (DJT) surged greater than 20% in after-hours trading on Tuesday as early votes showed Trump clinch Kentucky and Indiana.

The stock had a wild session during market hours after trading was halted several times attributable to volatility. Shares somewhat recovered from steeper losses but still closed down just a little over 1%.

Shortly after the market close, DJT reported third quarter results that exposed a net lack of $19.25 million for the quarter ending Sept. 30. The corporate also reported revenue of $1.01 million, a slight year-over-year drop in comparison with the $1.07 million it reported within the third quarter of 2023.

Read more here.

via Colin Campbell of Yahoo News:

Democrats hold a 51-49 edge within the Senate. To carry onto the bulk within the chamber, Democrats will need 51 seats if Donald Trump wins or 50 seats if Kamala Harris is the victor. This can be a difficult path for Democrats because the important thing Senate races are largely fought on Republican-friendly territory, and the national party has already conceded the West Virginia seat held by outgoing Sen. Joe Manchin.

Listed below are the races most observers are following:

Arizona: Rep. Ruben Gallego (D) vs. former TV anchor Kari Lake (R)
Florida: Sen. Rick Scott (R) vs. former Rep. Debbie Mucarsel-Powell (D)
Maryland: Former Gov. Larry Hogan (R) vs. Prince George’s County Executive Angela Alsobrooks (D)
Michigan: Rep. Elissa Slotkin (D) vs. former Rep. Mike Rogers (R)
Missouri: Sen. Josh Hawley (R) vs. Marine veteran Lucas Kunce (D)
Montana: Sen. Jon Tester (D) vs. Navy SEAL veteran Tim Sheehy (R)
Nebraska: Sen. Deb Fischer (R) vs. union leader Dan Osborn (I)
Nevada: Sen. Jacky Rosen (D) vs. Army veteran Sam Brown (R)
Ohio: Sen. Sherrod Brown (D) vs. businessman Bernie Moreno (R)
Pennsylvania: Sen. Bob Casey (D) vs. businessman Dave McCormick (R)
Texas: Sen. Ted Cruz (R) vs. Rep. Colin Allred (D)
Wisconsin: Sen. Tammy Baldwin (D) vs. businessman Eric Hovde (R)

Try the Yahoo News liveblog >

Tesla (TSLA) CEO Elon Musk confirmed Tuesday evening that he’ll be spending election night with Donald Trump as the outcomes are available.

“I’m headed to Florida,” he said on a livestream on X, formerly Twitter, early Tuesday evening. “I’ll just be there with President Trump and JD [Vance] and a bunch of other cool people,” he added. The comment confirmed an earlier Recent York Times report that Musk would he headed to Florida this evening.

It’s the most recent example of Musk’s extraordinarily close links with Trump in the ultimate stages of the campaign after the world’s richest man spent over $130 million with the aim of returning former President Trump to office.

At a recent closely watched Madison Square Garden rally in Recent York City, Musk was the ultimate speaker before Trump’s wife, Melania, took the stage.

Other distinguished figures in Trump’s orbit are set to be elsewhere Tuesday night, including House Speaker Mike Johnson, who will spend a minimum of the early a part of the evening in his home state of Louisiana.

Musk also added Tuesday evening that he’d just voted himself in south Texas, where his company SpaceX has a facility.

The following crop of states have officially closed their respective voting polls: Georgia, Florida, South Carolina, and Virginia, amongst a slew of others.

The remaining states will close in the subsequent few hours. All polling locations are set to shut by 11 p.m. ET.

I’m not an election forecaster, but I’ll make a 2024 election call based on polls and my very own intuition. Since I’m publishing this for everyone to see, my fans can extol me — or my trolls can berate me — whether I’m right or flawed.

Yes, I might be flawed, and in that case I’ll admit it tomorrow (or at any time when we all know).

When you wait for results, take a break from reloading those ever-changing betting markets and try the stakes.

Yahoo Finance spent the ultimate days of the 2024 campaign examining 4 key economic decisions that, prefer it or not, will confront the subsequent president in his or her first two years in office. Here’s more about those issues that can be center stage next yr, regardless of who wins.

For a good deeper have a look at the entire financial issues that matter most to your pocketbook, please see Yahoo Finance’s interactive guide to the 2024 election.

Exit polls released by NBC News, Fox News, CNN, and other TV networks on Tuesday afternoon indicate a number of the top issues for voters.

via Bloomberg: “Around 35% of voters — including a plurality of each men and ladies — said democracy was their top issue and 31% said the economy, while 14% picked abortion. Immigration was the highest issue for 11% of voters. Abortion was the highest issue for 19% of girls versus just 8% of men. Only 4% of voters said foreign policy was their biggest concern.”

Our job at Yahoo Finance tonight is to trace market implications of election developments, to not parse election returns on the county level and draw maps and circles throughout wall-sized maps of Pennsylvania and Georgia. But I arrange a feed on X, formerly Twitter, with a number of experts on election returns, for anybody who desires to go deep into the districts tonight. Anybody can follow that feed for sharp evaluation of what early returns are telling us. Just click the link above and follow my list, which I’ve cleverly labeled “Election night.”

I noticed political analyst Louis Jacobson curated an election night list as well. Click that link to follow it. Lou does terrific work as a contributor to PolitiFact and lots of other outlets. Definitely a very good guy to follow, in his own right.

If there’s anything you’d like us to deal with on this blog tonight, tag us: @YahooFinance, @rickjnewman, @benwerschkul, and @allie_canal. We provide personalized service, when possible!

US stock futures held regular as the primary states closed their polls within the wrap-up to Election Day.

Near 6 p.m. ET, contracts on the tech-heavy Nasdaq 100 (NQ=F) climbed about 0.1% while S&P 500 futures (ES=F) also moved roughly 0.1% higher. Dow Jones Industrial Average futures (YM=F) were up about 0.2% on the heels of a winning day for stocks.