U.S. stock market futures surged late Tuesday night as Joe Biden racked up impressive wins in the Super Tuesday primaries, perhaps easing Wall Street fears that Bernie Sanders will win the Democratic nomination.
Dow Jones Industrial Average futures YM00, -0.77% rose more than 300 points, and S&P 500 futures ES00, -0.84% and Nasdaq Composite futures NQ00, -0.76% each rose more than 1% after a lackluster start to electronic trading.
Fourteen states and one territory voted in primaries Tuesday; as of 11 p.m. Eastern, Biden had racked up wins in eight states to Sanders’ four, though Sanders’ wins included California, the most delegate-rich state.