Biden's Big Night May Generate Early Buying Interest On Wall Street

(RTTNews) - The major U.S. index futures are pointing to a sharply higher open on Wednesday, with stocks likely to move back to the upside following the substantial pullback seen in the previous session.

Early buying interest may be generated in reaction to the results of the Super Tuesday primaries in the race for the Democratic presidential nomination.

Former Vice President Joe Biden performed much better than expected in yesterday's contests, including an upset victory over Senator Bernie Sanders in delegate-rich Texas.

Sanders earned a significant chunk of delegates by winning California, but Biden pulled off big victories in a number of smaller states such as North Carolina, Virginia and Minnesota.

The results of yesterday's contests would appear to set up a head-to-head matchup between the very liberal Sanders and the more moderate Biden.