Election Jitters Stir Markets Amid Tight U.S. Presidential Race

As U.S. stock index futures rise, markets brace for volatility owing to the tight presidential race between Kamala Harris and Donald Trump. With betting odds favoring Trump, market activities such as growth in tech stocks, interest rate expectations, and investor sentiment show anxiety around election outcomes and economic data.

U.S. markets are set for a tense few days as stock index futures indicate a slight rise ahead of the presidential election. With Kamala Harris and Donald Trump neck-and-neck in critical states, the election's result may not be clear immediately, contributing to market volatility.

Betting market odds currently favor Trump, influencing financial indicators such as the U.S. dollar and Treasury yields, which align with election expectations. There's anticipation for the Federal Reserve's potential interest rate cut, as economic data showcase strength, contrasting the election uncertainty.

Investors also watch congressional elections, with predictions of a split government that could stymie policy changes. Tech stocks like Nvidia and Meta have seen premarket gains alongside various other market movements, setting the stage for an action-driven week as the Federal Reserve meets.

(With inputs from agencies.)