U.S. stock market futures dropped lower in the early hours of Wednesday, as voting projections indicate that President Donald Trump won Florida in the latest count seen by Nairametrics.
Investors are hoping to avoid a prolonged process that could strengthen geopolitical concerns.
The U.S 30 Futures and U.S 50 Futures were up by over 0.50% in the early hours of Wednesday.
President Trump is leading, in the Florida voting returns, but his contest in the Sunshine State against Democratic candidate Joe Biden still remains tight.
As at 9:10 p.m. ET, President Trump was leading with 51% of the votes tallied so far, compared to 48% for Biden, the former vice president.
Florida has 29 Electoral College votes. Polling averages had indicated a tight presidential race. Trump won Florida by 1.2% in 2016.
Democratic nominee Joe Biden appeared to be unable to take North Carolina, with President Donald Trump holding a lead in that state, according to NBC News. However, Biden was leading in Arizona, although NBC News said it was too early to call the state. Key swing states Michigan, Wisconsin, and Pennsylvania could take days to determine.