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US stock futures are rising, Tesla is rising in early trading as markets react to the election
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US stock futures are rising, Tesla is rising in early trading as markets react to the election

As votes were counted in the U.S. presidential election early Wednesday morning, Dow futures rose, the U.S. dollar strengthened and international markets were mixed.

Dow Jones Industrial Average futures were up about 2.6% as of 4:30 a.m. in New York, having surged following the 1.7% gain they made when former President Donald Trump took the stage at about 2 a.m. entered in Florida.

S&P 500 futures rose about 2% early Wednesday, while futures for the tech-heavy Nasdaq market rose about 1.6%. Shares of Tesla, the electric car company led by Trump ally Elon Musk, rose about 13% in pre-market trades.

A woman stops to look at an electronic board showing the numbers on the Tokyo Stock Exchange during afternoon trading in Tokyo on November 6, 2024.

Richard A. Brooks/AFP via Getty Images

US markets were up sharply on Tuesday, led by the Nasdaq’s 1.4% rise.

As Trump took the stage in Florida early Wednesday, the dollar strengthened. The US Dollar Index rose about 1.4% to 104.75, reaching levels not seen since early August. Yields on 10- and 2-year government bonds also rose overnight.

A man walks past an electronic stock board showing Japan’s Nikkei 225 index, center, at a securities firm on Wednesday, Nov. 6, 2024, in Tokyo.

Shuji Kajiyama/AP

Trading in Asia was mixed on Wednesday as international markets digested the election results. Japan’s Nikkei closed down 2.61% on the day, while Shanghai closed almost flat, down just 0.09%.

Hong Kong’s Hang Seng Index fell, dropping 2.23% at the close after opening below Tuesday’s close.

Britain’s FTSE 100 Index climbed early Wednesday, rising about 1.43% just after opening. The German DAX saw a similar increase, rising about 1.3% in morning trading.