Traders work on the trading floor of the New York Stock Exchange.
New York Stock Exchange
Stock futures were little changed in overnight trading ahead of Tuesday’s high-stakes U.S. presidential election
Futures and Dow Jones Industrial Average Added 20 points. S&P 500 Index Futures and Nasdaq 100 Futures It rose slightly by about 0.1%.
Palantir Overnight trading surged 13% Strong quarterly results and upbeat revenue guidance, while NXP Semiconductors Shares fell amid a weak outlook due to macro concerns.
Stocks ended lower on Monday as safe-haven U.S. Treasury yields fell. this Dow Chemical It fell more than 250 points, or 0.6%. this S&P 500 Index and Nasdaq Index Each fell about 0.3%.
The latest NBC News poll shows the race is “side by side” Between former President Donald Trump and Vice President Kamala Harris. Which party dominates Congress will remain closely watched, given that a Republican or Democratic sweep could lead to big changes in spending or major adjustments to tax policy.
The outcome could weigh heavily on how stocks end the year, but investors may want to brace for near-term volatility. CNBC Data goes back to 1980 Shows that the major averages rise between Election Day and the end of the year, but typically fall on Election Day and the week after. Uncertainty about the outcome could lead to more market volatility.
Adam Parker, founder of Trivariate Research, said on CNBC on Monday, “Unless we get new policies from the new political regime that look to be more stringent, the market pattern is still biased towards the positive and the bull market situation is still intact.”end bell”.
In addition to the election, investors are also awaiting the Federal Reserve’s November interest rate decision on Thursday and Chairman Jerome Powell’s latest comments on the Fed’s future policy initiatives. Following a half-percentage point rate cut in September, traders reportedly see a 98% chance of a quarter-point rate cut CME Group’s FedWatch Tool.
Earnings season continues on Tuesday, with Super Micro Computer Corp. and Yum! Brands reporting.
