Alabama

After an early slide last night following the stunning news that Doug Jones had defeated Republican Roy Moore in the Alabama special election, becoming the first Democratic senator from Alabama in a quarter century and reducing the GOP's Senate majority to the absolute minimum 51-49, US equity futures have quickly rebounded and are once again in the green with the S&P index set for another record high, as European stocks ease slightly, and Asian stocks gain ahead of today's Fed rate hike and US CPI print.

Shortly after 8pm EST this evening, the voting results of one of the most controversial special elections in modern history, which pits Republican Roy Moore against Democrat Doug Jones for Jeff Sessions' vacant Senate seat, will start to flow in to news desks all around the country.

After a last weekend of campaigning with celebrities, Doug Jones (D) with Alabama native Charles Barkley and Roy Moore (R) with Breitbart News chairman Steve Bannon and controversial former Milwaukee County Sheriff David Clarke, election day for one of the most controversial special elections in modern U.S. history has finally arrived. 

E-mini futures are modestly in the green this morning, though net of fair value the S&P index is poised for another record high open as the FOMC begins its last meeting for 2017 in which it is expected to raise rates by 25bps. European stocks gain while Asian equities slide led by weakness in Chinese airplane stocks.

With voting set to get underway in the controversial Alabama Senate race in about 24 hours, the latest Fox News Poll of likely voters shows a commanding 10-point lead for Democrat Doug Jones.  The poll was conducted among likely Alabama voters on Thursday through Sunday using traditional polling techniques, including a list-based probability sample with both landlines and cellphones.