VFH is trading at $143.07, up 3.01%, as a Democratic congressional sweep eased election uncertainty and lifted broader market sentiment and financial shares.
- Bank stocks rallied as investors rotated into financials; European bank shares rose sharply, and U.S. financials were also higher premarket.
- Major indexes were sharply higher, supporting the sector move. Treasury yields were volatile, so rates were not a clear one-way catalyst.