🟢 S&P 500 ETF (SPY) is trading 1.5% up as election results ease policy uncertainty

SPY is trading at $765.85 (+1.52%) as investors’ relief over Democrats’ wins in both chambers eased policy uncertainty.

• The results made legislative gridlock and fewer abrupt policy shifts seem more likely; futures reversed early losses as uncertainty eased, with President Trump accepting the results.
• Semiconductor strength supported shares: AMD rallied on stronger-than-expected results and an upbeat outlook, lifting technology shares.
• A narrower-than-expected September trade deficit added modest support, though election-driven repricing remained the primary index-level driver.