Trump claims victory in U.S. presidential election after two outlets project him as winner. S&P 500 futures were up 1.91%, while Nasdaq 100 futures were up 1.65%. Dow futures were up 2.22%.
Tesla jumped 13% in overnight trading. Tesla’s CEO, Elon Musk, is closely tied to Trump, having made huge donations to his campaign, while he has shown his support both out in the field and on X, the social media platform he owns.
Trump-linked stocks jumped in overnight trading. Trump Media stock rallied 43% before suspending trades; Phunware rose over 29%.
Crypto shares jumped in overnight trading. Bit Digital rose nearly 17%, Riot Platforms rose over 14%.
The original cryptocurrency rose more than 8%, rising above $75,000. That topped the March record set during the euphoria that followed the launch of US spot-Bitcoin exchange-traded funds
Shares of Super Micro Computer fell over 15% in overnight trading. Super Micro Computer, whose auditor unexpectedly stepped down last week, on Tuesday flagged uncertainty about the timing of its annual report but said a probe about accounting practices had not found evidence of fraud by the company.
The company said it expects net sales between $5.5 billion to $6.1 billion for the second quarter, compared with analysts' estimates of $6.86 billion, according to data compiled by LSEG.