11:02 AM · 4 November 2026

Wall Street rebounds 🔼 S&P 500 and Nasdaq 100 futures rally ahead of the US session

US stock index futures are recovering earlier losses following the congressional elections, in which Democrats gained control of both chambers of Congress. President Donald Trump said he would accept the election results, easing political uncertainty and encouraging investors to buy stocks following the recent sell-off.

  • S&P 500 futures (US500) have recovered from an earlier decline of nearly 1.4% and are trading 0.8% higher as of around 10:40 AM GMT. A similar turnaround is visible in Nasdaq 100 futures (US100), which had fallen by more than 2% before fully erasing their losses and climbing 0.4%.

  • Such a sharp reversal suggests improving risk appetite, although the sustainability of the rebound will depend on how investors continue to assess the new balance of political power in Washington.

  • Despite initial concerns about how technology stocks might react to a Democratic victory, the market is showing little sign of these fears roughly three hours before the US opening bell. The Nasdaq 100 has rebounded sharply, supported in part by stronger-than-expected quarterly results released yesterday by AI infrastructure beneficiaries AMD and Arista Networks.

US500, US100 (H1 Timeframe)

US500 futures are staging a clear V-shaped recovery and approaching the 200-period exponential moving average (EMA200, red line) on the hourly chart. If the index breaks above the 7,700-point barrier, the next important resistance levels could be around 7,820 and 7,900 points, with the latter area close to the all-time high. Key support is located at 7,500 points, marked by the local low established during the initial market reaction to the election results.

Source: xStation5

For US100, the 28,900–29,000-point area currently appears to be an important resistance zone, coinciding with the EMA200 (red line) and a region where significant price reactions have previously occurred. Support is located around 27,500 points, corresponding to the local low established during the recent sell-off.

Source: xStation5

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