A woman drives past the New York Stock Exchange (NYSE) on Wall Street in New York City on July 13, 2020.
Johannes Eisele | Getty Images
US stock futures were volatile overnight and early Wednesday morning with the presidential election still restless and vote counting in key swing states of Michigan, Pennsylvania, and Wisconsin, which could take days. The Dow Jones industry average was set to fall outdoors, but the Nasdaq was on the rise as investors piling up in tech stocks. This strategy, implemented in a turbulent year, was marked by economic uncertainty and political resentment over the coronavirus. Wall street recorded a strong two day rally On the way into election night, stocks close around 2% on Tuesday, hurting last week’s worst declines since March. ADP’s October Outlook on US Company Employment Trends was released on Wednesday at 8:15 a.m.CET. Economists expect 600,000 new jobs to be created last month after adding 749,000 in September.
People watch a big screen showing live Florida election results on Black Lives Matter Square across from the White House on Election Day in Washington, DC on November 3, 2020.
Olivier Douliery | AFP | Getty Images
president Donald Trump and democrat Joe Biden both spoke in the early hours of Wednesday morning and made very different tones. Biden urged patience first, saying: “It’s not over until every vote is counted.” Trump then took the win despite millions of legitimate votes not counting and races in more than half a dozen swing states still short of calling them. Trump called the election a “Deceiving the American Public.” He said he would go to the Supreme Court: “We want all voting to stop.” Biden’s campaign manager criticized Trump’s comments, but promised to be ready to oppose any legal action. Both Trump and Biden have routes to the 270 votes it takes to win the presidency. NBC News predicts the current number is 224 for Biden and 213 for Trump. Florida and Texas, key battlefield states that Trump won in 2016, went the president’s path overnight.
The U.S. Capitol Building can be seen on Capitol Hill on October 26, 2020 in Washington, DC.
Olivier Douliery | AFP | Getty Images
NBC News expects the House of Representatives to retain democratic control. However, the chances of Democrats flipping the GOP majority in the Senate decreased Wednesday morning. Democrats got an early pickupJohn Hickenlooper is set to defeat the Republican Senator. Cory Gardner in Colorado. But make up for this profit The Republican Tommy Tuberville is supposed to defeat the Democratic Senator. Doug Jones in Alabama. In Arizona, Democratic challenger Mark Kelly leads Republican Senator Martha McSally, who was appointed after John McCain’s death. But NBC News views the Arizona race and others as too early to call. Important Republicans in the leadership, Senate majority leader Mitch McConnell, R-Ky. And Sen. John Cornyn, R-Texas are to be re-elected.
A sign marks a meeting point for Lyft and Uber users at San Diego State University in San Diego, California on May 13, 2020.
Mike Blake | Reuters
Shares of About and Lyft Rose Wednesday mornings after NBC News projected the two companies would prevail on California’s Proposition 22, an electoral measure aimed at exempting drivers for app-based transportation and delivery companies from being classified as employees under the state’s new labor law. Uber and Lyft had warned they would likely have to pass increased costs of reclassifying workers on to consumers. In a blog post earlier this year, Uber had estimated price increases of 25% to 111% in parts of California to cover costs. Uber stock rose over 13% on the Wednesday prior to going public. Lyft shares rose more than 15%.
A Detroit resident will be tested for coronavirus disease (COVID-19) and antibodies for free at the Sheffield Center in Detroit, Michigan on April 28, 2020.
Rebecca Cook | Reuters
In a presidential race that Biden did over what he called Trump’s inability to control the pandemic, 21 states, According to data from Johns Hopkins University, the battlefield states of Michigan, Ohio and Pennsylvania broke records on Monday for the number of average daily cases of new coronavirus. Some states, such as Ohio, have also hit new highs in hospital stays. There were over 91,500 new Covid-19 infections in the United States on Tuesday. near worst daily case count on Friday from 99,321 to slightly better numbers on the weekend and Monday. Trump reiterated a claim by experts at campaign events on Monday that the rise in coronavirus cases was the result of intensified testing.
– NBC News contributed to this report.