Stock futures are little changed Tuesday evening as traders monitor election results: Live updates

Stock futures were calm successful aboriginal trading Tuesday evening arsenic investors brace for a agelong nighttime amid a contentious U.S. statesmanlike contention that volition person large ramifications for the markets and economy.

Futures connected the Dow Jones Industrial Average added 41 points. S&P 500 futures ticked up little than 0.1% and Nasdaq 100 futures were flat.

Americans formed their votes crossed the state successful the choky contention betwixt erstwhile President Donald Trump and Vice President Kamala Harris. The archetypal polling places volition adjacent Tuesday astatine 6 p.m. ET successful parts of Kentucky and Indiana. (Follow CNBC's 2024 predetermination unrecorded blog here.)

Trump's docket of taxation cuts could springiness Corporate America a tangible boost, but steep tariffs and a imaginable planetary commercialized warfare nether his presidency could origin much uncertainty and a resurgence of inflation. In a Harris administration, the hazard of tighter regulations could bring much scrutiny to industries similar banks and wellness care, portion Democrats' enactment for cleanable vigor could assistance electrical conveyance companies and star firms.

Investors are besides intimately watching if the partisan make-up of the houses of Congress remains divided. A Republican oregon Democratic expanse could pb to much drastic spending changes oregon a large revamp of taxation policy.

Goldman Sachs predicts that a Trump triumph and Republican expanse of Congress would spark a 3% popular successful the S&P 500. Even a Trump triumph and a divided Congress would origin astir a 1.5% gain, the slope predicts. On the different hand, a Harris triumph with a divided Congress would origin a 1.5% driblet successful the S&P 500, the slope told its clients.

"I precise overmuch ascribe to that presumption that a Trump triumph would beryllium precise bully for stocks," Jason Trennert, president astatine Strategas, said Tuesday connected CNBC's "Power Lunch." "And I deliberation a Harris triumph would not beryllium peculiarly bully for hazard assets."

But traders whitethorn person to hold until aboriginal successful the week earlier predetermination results are certain. A agelong play of uncertainty earlier the effect is known could value connected markets.

The banal marketplace staged a wide rally Tuesday earlier the predetermination results were successful with the S&P 500 gaining 1.2%, bringing the benchmark's 2024 gains to much than 21%. The blue-chip Dow climbed much than 400 points successful the session.

Following the election, different market-moving lawsuit looms this week successful the latest Federal Reserve complaint determination connected Thursday. Traders are pricing successful a 99% accidental of a quarter-point chopped pursuing September's half-point reduction, according to CME Group's FedWatch Tool.