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US President Donald Trump has 50.5% and former Vice President Joe Biden has 48.2% in the battleground state of Pennsylvania with 89% of votes tallied so far, Reuters reported, citing the latest data from Edison Research.

Market reaction

The S&P 500 futures retreated modestly from daily highs on this headline and was last seen gaining 1.4% on the day at 3,485. Meanwhile, the US Dollar Index, which tracks the greenback’s performance against a basket of six major currencies, is down 0.85% on a daily basis at 92.68.