India, Nov. 4 -- The major U.S. index futures are currently pointing to a sharply higher open on Wednesday, with stocks likely to see initial strength following the mixed performance seen in the previous session.
The futures came under pressure overnight in reaction to the Democrats' decisive victory in the midterm elections but have shown a substantial turnaround as trade digest the results.
Democrats are projected to win control of both the House and Senate after flipping several seats in traditionally Republican states.
President Donald Trump's apparent willingness to accept the results and work with Democrats to address political issues may have helped offset concerns about increased regulatory scrutiny under a Democrat-controlled Co...