The main US stock index climbed around 1% on Tuesday as American voters were called to the polls for a vote that many are already describing as historic.
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The S&P 500 index gained 1.1% shortly before 12:30 p.m., while the Nasdaq Composite appreciated by 1.4% and the Dow Jones, by 0.9%.
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Stocks associated with Republican candidate Donald Trump were up sharply: Trump Media & Technology climbed 14.3% and Tesla, 4.2%. Bitcoin jumped more than 3%.
The stock of technology firm Palantir exploded around 23% after reporting “sustained” demand for artificial intelligence.
Instability in sight
Strategists at investment bank Goldman Sachs recently warned that markets could be buffeted by increased instability in the wake of the election, while noting that the U.S. economy remained strong.
Since the start of January, the S&P 500 has gained more than 21%, making 2024 the best election year since 1936.
According to prediction market platform Polymarket, the probability of Donald Trump winning the US presidency currently stands at 60.7%.
