Stock futures are higher as the first results cross (SPY, SPX, DJI, IXIC)

trump clintonAxel Schmidt/Reuters

US stock futures are fluctuating as early results from the key battleground state of Florida roll in.

The major indexes closed higher in regular trading, adding to massive gains Monday on news that the Federal Bureau of Investigation concluded its investigation into additional emails Hillary Clinton sent from a private server while she was secretary of state.

A victory by Hillary Clinton is considered more positive for financial markets, at least initially, given investors’ familiarity with her political career, and the continuity she would likely provide.

And on Tuesday night, futures are clearly tracking the odds: surging when Clinton regains the lead in key states like Florida, and slumping when she appears to be losing ground.

Donald Trump, however, is considered more unpredictable and uncertain. Several strategists forecast an initial stock-market decline by as much as 10%, although some say this would be short-lived.

Randy Frederick, vice president of trading and derivatives at Charles Schwab, said stocks could rise to all-time highs by year-end even after an initial Trump-related pullback. That’s because of the decline since early September, which signals that there’s pent-up demand from investors, he told Business Insider.

We’ll update this post with the latest reaction in stock futures are the results cross, so refresh for updates.

Business Insider’s Elena Holodny has the latest on the Mexican peso and other currencies. And, check out our live blog with all the latest election news and results.

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