U.S. Stock Futures Up Before Election
Source: Pixabay

U.S. Stock Futures Surging Ahead of Election

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Today, U.S. stock futures gained momentum in early trading ahead of tomorrow’s much-anticipated presidential election. The election drama could roil stock markets for weeks to come. Wall Street is looking to recover from last week's slide.

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What are U.S. stock market futures at today?

U.S. stock market futures rebounded today after the worst week since March. As of 6:50 a.m. ET, Dow Jones Industrial Average futures were up about 1.6 percent, while S&P futures were up about 1.40 percent. Tech-heavy Nasdaq futures, which have done well amid the coronavirus pandemic, were up about 1.14 percent.

U.S. stock markets rebounded today, even as England enforced a stay-at-home order to fight the COVID-19 pandemic and investors braced for tomorrow’s presidential election. On Oct. 31, U.K. prime minister Boris Johnson said England is shutting all nonessential businesses for the next four weeks as coronavirus cases surge. The U.K. is reporting about 22,600 weekly coronavirus cases, which is significantly higher than its first peak of 4,800 average weekly coronavirus cases in the spring.

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U.S. Stock Futures Up Before Election
Source: Pixabay

The U.S. is also struggling with coronavirus infections. On Oct. 30, the U.S. reported more than 99,000 new coronavirus cases, surpassing its record set a day earlier. The top five days for new daily COVID-19 cases have all been within the last eight days, according to Johns Hopkins University.

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Ahead of tomorrow’s presidential election, Joe Biden holds a substantial national edge over Donald Trump. According to an NBC News/Wall Street Journal poll, Biden leads Trump by 10 percentage points nationally. About 130 companies are set to report their earnings this week, including Bristol Myers Squibb, General Motors, CVS Health, and Humana.

What are S&P futures at today?

The S&P 500 Index fell 2.8 percent in October. As of 7:37 a.m. ET today, S&P futures had surged by 45 points, or 1.36 percent.

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What are Dow Jones futures at today?

The Dow Jones Industrial Average fell 4.6 percent in October. As of 7:37 a.m. ET today, Dow Jones futures had surged by 420 points, or 1.60 percent.

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What is EFX’s stock price today?

Equifax stock was up about 1.6 percent at $138.84 in premarket trading today as of 7:32 a.m. ET. The stock fell 2.1 percent on Oct. 30 and closed at $136.60 with a market capitalization of $16.6 billion. EFX stock has fallen by 9.5 percent in the last five days, but has risen by 1.3 percent in the last year. EFX stock is trading 24.8 percent below its 52-week high of $181.76 and 32.6 percent above its 52-week low of $103.01. Year-to-date, the stock had fallen by 2.5 percent as of Oct. 30.

Is the stock market open on Election Day?

The U.S. stock market will be open on Election Day during normal trading hours. The results of the presidential election could have a major impact on the stock market.

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