Wall Street today: US stocks mixed ahead of presidential election, Nvidia rises 1.7% | Stock Market News
Source: Live Mint
US stocks were mixed on Monday ahead of Tuesday’s presidential election and Federal Reserve’s expected rate cut decision later in the week.
As of 1:57 pm Eastern time, the S&P 500 was slipping 0.1 per cent. The Dow Jones Industrial Average was down 0.5 per cent, and the Nasdaq Composite was 0.1 per cent higher.
As of 10:30 am Eastern time, the S&P 500 was edging up by 0.1per cent. The Dow Jones Industrial Average was down 0.3per cent and the Nasdaq Composite was 0.1per cent higher.
At the opening bell, the Dow Jones Industrial Average fell 53.32 points, or 0.13 per cent, to 41,998.87. The S&P 500 fell 0.67 points to 5,728.13, while the Nasdaq Composite fell 42.32 points, or 0.23 per cent, to 18,197.59.
In the US presidential race for the White House, Democratic candidate Kamala Harris and Republican opponent Donald Trump remain virtually tied in opinion polls ahead of the Election Day on Tuesday.
According to a latest poll, Kamala Harris is leading in Iowa.
US Federal Reserve interest rate cut also expected later in the week.
Marriott International stock fell 2.2 per cent after reporting weaker quarterly profit than expected.
Fox climbed 5.3 per cent after the media giant reported stronger profit for the third quarter.
Nvidia stock rose 1.7 per cent on higher demand for its chips.
In the bond market, the yield on the 10-year Treasury fell to 4.27 per cent from 4.38 per cent late on Friday.
US dollar
The US dollar declined on Monday as investors trod carefully ahead of a US presidential election.
The dollar fell against a host of European and Asian currencies, losing 0.6 per cent against the euro to $1.090 and 1 per cent against the Japanese yen to 151.62.
Crude oil
Oil prices rose on Monday after OPEC said it would delay a planned December output hike by one month.
Brent futures rose 2.8 per cent to $75.19. US West Texas Intermediate (WTI) crude added 3 per cent to $71.64.
Bullion
Gold prices were little changed on Monday, with spot gold at $2,740.69 an ounce at 1237 GMT. US gold futures were flat at $2,749.80.
Spot silver rose 1.1 per cent to $32.79 an ounce after touching a more than two-week low at $32.26.
