The United States (US) stock market saw an increase as investors began to evaluate the preliminary results from the elections that have already begun to be released in several areas.
With the votes counted after the polls closed, Vermont appeared to favor Harris, gaining three electoral votes.
Meanwhile, Trump swept Kentucky, Indiana, and West Virginia, earning a combined 23 electoral votes.
This election has drawn attention not only for the presidential race but for how it could affect Congress, as the outcome could change government spending and tax rules in the future.
Investors are also keeping an eye on the Federal Reserve's (Fed) next move with interest rate decisions to be announced early Friday morning.
Market expectations are for a smaller rate reduction of 0.25% to be implemented by the Fed.
In Tuesday's trading, the major stock indexes performed well with the Dow Jones up by 1.02%, the S&P 500 up by 1.23%, and the Nasdaq up by 1.43%.
Every sector experienced growth, but consumer goods, industrials, utilities and technology were the strongest performers.
Notably, shares of Palantir Technologies jumped 23.5%, and Astera Labs jumped 37.7%, thanks to strong quarterly earnings reports.
This positive market reaction highlights investor confidence, driven by both political developments and strong company performance.
