Nasdaq Futures Soar Triggering Limits On Nail-Biter Election

Access To Financial Markets Made Easy • Nov 4, 2020 at 3:04 AM EST

Nasdaq 100 stock futures triggered an exchange volatility halt after the market jumped 3.5% in under an hour. Trading paused for several minutes as traders weigh up the potential result of a nail-biter election that is too close to call.

Nasdaq 100 (NDX) stock futures triggered an exchange volatility halt after the market jumped 3.5% in under an hour. Trading paused for several minutes as traders weigh up the potential result of a nail-biter election that is too close to call.

Nasdaq futures soar triggering limits on nail-biter election

During the COVID-19 pandemic, multiple trading limits were triggered in stock futures to stem the fall of the market. However, back then the Chicago Mercantile Exchange had limits that only kicked in at 5%. This was updated last month to kick in at 3.5%.

Election market volatility is set to continue as votes are counted in the big battleground 'swing states.' The S&P 500 stock market index swung from deep losses to strong gains, while the US dollar index gapped lower before surging higher (SPX).

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