With Trump on the cusp of winning and the Republican party flipping the Senate, all eyes will be on the House, the control of which still remains a tossup. According to CNBC, Goldman Sachs predicts a GOP trifecta could lead to a 3% surge in the S&P 500 while a divided Congress would pare that down to 1.5%.

US stocks rallied in after-hours trading on Tuesday night and bitcoin hit a new record as Wall Street digested early presidential election results. Futures on the Dow jumped more than 600 points, while the S&P 500 jumped by a half percentage point as early election results streamed in on Tuesday night.

While a path toward the 270 Electoral College votes needed to take the White House remained in reach for both U.S. presidential candidates Tuesday, a rally in Dow futures and selloff in U.S. government debt indicated market participants were prepared for a victory by Republican Donald Trump.