Nasdaq 100 futures fall over 1% as Democrat sweep odds rise

Nasdaq 100 futures decline over 1% as polling stations across the United States begin closing. Market-implied odds of a Democrat sweep rise to a new high, signaling increased policy and regulatory uncertainty and a risk-off tone across equities.

Key details

- Move: Nasdaq 100 futures down more than 1%.
- Timing: As polls close nationwide.
- Political shift: Probability of Democrats winning the presidency and both chambers of Congress reaches a new high.
- Source: The Kobeissi Letter (X).