Stock Market Live Updates: Nasdaq futures down 2% as US midterm election results trickle in, GIFT Nifty signals a negative start; Asian shares trade lower

US stock futures came under heavy pressure as midterm election results trickled in, with Nasdaq futures falling 2%. The move pointed to a weaker tone for the next US market session, while overseas indicators also reflected caution.

Nasdaq futures lead decline

Nasdaq futures recorded the sharpest move highlighted in the update, sinking 2%. US stock futures overall were described as plunging as results from the midterm elections continued to emerge.

The decline provides an early indication of market conditions before regular trading begins. However, the available update does not identify a specific reason for the futures move or indicate how the final results may affect trading.

Asian shares and GIFT Nifty turn lower

Asian shares traded lower alongside the decline in US futures. In India, GIFT Nifty signaled a negative start, adding to the indications of weak sentiment across the markets covered in the update.

These moves show that markets were facing pressure as investors assessed the developing midterm results. The direction of trading beyond the indicated opening signals was not provided.

Market outlook

The immediate focus remains on the continuing release of midterm results and how markets respond. For now, the combination of falling US futures, weaker Asian shares and a negative GIFT Nifty signal points to a cautious start across major markets.