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Fortune

Jason Ma

UNBELIEVABLE: Presidential election stock market today - The Untold Story

Donald Trump Kamala Harris Nasdaq United States Ed Yardeni Elon Musk Joe Biden Dow Jones Industrial Average

Former President Donald Trump (Credit: Chip Somodevilla/Getty Images)

U.S. stock futures rallied sharply early Wednesday as results from the presidential election pointed to a likely win for Donald Trump and Republican control of the Senate.

Reliably Republican and Democratic states have fallen into Trump's and Kamala Harris's columns. But top swing states Pennsylvania, North Carolina and Georgia were called for Trump, putting him on the cusp of victory. Prediction markets are already pricing nearly 100% odds of a Trump win.

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