Wall Street futures pointed pre-bell higher pre-bell Wednesday following election results that appeared to show the Democratic Party winning control of the Congress from the GOP.
In the futures, the S&P 500 rose 1%, the Nasdaq advanced 1% and the Dow Jones was up 1.4%.
The VanEck Semiconductor exchange-traded fund (SMH), a proxy for the sector, traded up 1.6% pre-bell.
West Texas Intermediate crude oil traded down less than 1% at $95.24 a barrel, and 10-year US Treasuries offered 4.93%, in morning action.
Asian exchanges traded unevenly overnight, awaiting clarity on US election outcomes, although tech shares outside Japan gained.
European bourses tracked higher midday on the continent.
On the earnings fronts, Qualcomm (QCOM), McDonald's (MCD) and Uber Technologies (UBER) plan to report quarterly results on Wednesday, among others.
Arista Networks (ANET) traded up 11.4% pre-bell after the maker of networking equipment and software for data centers late Tuesday reported Q3 earnings and revenue above expectations, and it issued upbeat guidance.
On the economic calendar is the weekly MBA mortgage applications bulletin at 7 am ET, followed by the October ADP employment report at 8:15 am.
The September international trade in goods and services logs at 8:30 am, followed by the US final composite purchasing managers index for October 9:45 am.
The ISM services index for October logs at 10 am.
The weekly EIA petroleum status report posts at 10:30 am.
In pre-market action, Bitcoin traded at $78,530.66, spot gold commanded $4,052 an ounce.
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