Wall Street Rallies On Election Day, Palantir Skyrockets, Bitcoin Tops $70,000: What’s Driving Markets Tuesday?
Wall Street rallied on Tuesday as improved investor sentiment aligned with millions of Americans casting their votes for the 47th president.
Betting markets leaned slightly toward Donald Trump, with CFTC-regulated Kalshi placing Trump’s win probability at 56% compared to Kamala Harris‘s 44%.
National polls show a close contest, with the latest New York Times/Siena College poll indicating both candidates tied at 48% in the popular vote.
The S&P 500 climbed 1.2%, while the tech-focused Nasdaq 100 surged 1.5%, marking its strongest one-day increase in nearly a month.
All 11 sectors of the S&P 500 experienced gains, with consumer discretionary stocks outperforming. Small caps also joined the rally, with the Russell 2000 index gaining 1.1%.
Palantir Technologies Inc. (NASDAQ:PLTR) led the S&P 500, with shares soaring after the artificial intelligence company surpassed quarterly earnings estimates and …
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