U.S. stocks could witness a strong opening on Wednesday after former PresidentDonald Trumpemerged victorious after a long-drawn battle withJoe BidenandKamala Harris.

With Trump returning as the U.S. President, futures of all three major indices were strongly in the green on Wednesday, pointing to upbeat sentiment on Wall Street.

The Associated Press called a Republican win in three out of seven key swing states – North Carolina, Pennsylvania, Georgia, and Wisconsin. While Michigan and Arizona are still in play, trends lean toward Trump here, too.

Shares of Trump's social media company,Trump Media...