[CNBC Television] Dow futures fall 300 points following President Donald Trump’s election night speech

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: President Trump attempted to claim an election night victory despite the fact that millions of legitimate votes remain to be counted. Joe Terranova of Virtus Investments Partners, and Degas Wright of Decatur Capital Management join CNBC’s 2020 presidential election coverage to discuss how the markets could process the uncertainty. For access to live and exclusive video from CNBC subscribe to CNBC PRO: U.S. stocks climbed on Wednesday, led by tech shares, even as the results of the presidential contest so far failed to yield a clear winner. The Dow Jones Industrial Average jumped 610 points, or 2.2%. The S&P 500 traded 2.8% higher. The tech-heavy Nasdaq Composite popped 4% as investors crowded back into the trade that’s been working for most of this tumultuous year. “I think the big news for the markets right now at least as it looks preliminary is that there’s not going to be a blue wave, which is generally supportive for markets,” said Mike Lewis, managing director of U.S. equity cash trading at Barclays, on CNBC’s “Squawk Box.” “I think that the outlook going forward for markets is this is going to be more about policy and the Fed than it’s going to be about politics, which is a good thing for markets.” Earlier in the overnight session, futures contracts for the Dow and S&P 500 came under some pressure after President Donald Trump tried to claim victory even though millions of legitimate votes were not yet counted. “We were getting ready for a big celebration. We were winning everything, and all of a sudden it was just called off,” Trump said. “We’ll be going to the U.S. Supreme Court, we want all voting to stop.” “We don’t want them to find any ballots at 4 o’clock in the morning and add them to the list,” he added. Democratic nominee Joe Biden appeared to be unable to take North Carolina, with Trump holding a lead in that state, according to NBC News. However, Biden was leading in Arizona and Michigan, according to NBC News, but it was too early to call the states. Key swing states Wisconsin and Pennsylvania could take days to determine. “We believe we’re on track to win this election,” Biden said to supporters in Delaware overnight. The candidate said the winner could be known Wednesday morning but it could take a little longer. Trump is projected to win the presidential vote in Florida, Indiana and Kentucky along with South Dakota, Arkansas and Ohio, NBC News said. Trump is also projected to win Alabama and North Dakota. Biden is projected to win Vermont, Delaware, Maryland and Massachusetts as well as Colorado, New York and Virginia, according to NBC News. Shares of major tech-related companies jumped with Amazon, Apple and Microsoft all up at least 3%. Facebook popped 7%, while Google-parent Alphabet jumped more than 6%. Wall Street traders and investors attributed the move in tech to a number of factors, including the group’s consistently solid returns and safety appeal in times of uncertainty. Additionally, some viewed the potential for Republicans to hold onto the Senate as a positive for the group since higher capital gains taxes from a Democrat congress could have weighed on the high-growth sector. “It appears investors may be satisfied with at least half a loaf (Republican Senate) and no tax increase, knowing they have a ‘Fed put’ if fiscal assistance is slower in coming,” Stifel Head of Institutional Equity Strategy Barry Bannister said in a note Wednesday. “This favors Growth stocks over Value near-term.” Bannister raised his S&P 500 target price to 3,800 from 3,100 by spring 2021, which would represent a more than 10% gain from here. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on