Stock market today: Dow, S&P 500, Nasdaq set for comeback as Election Day kicks off
Published On Nov 5, 2024, 9:32 AM
On Election Day, U.S. stock markets showed signs of recovery, with the tech-heavy Nasdaq Composite gaining 0.5% and the S&P 500 rising approximately 0.3%. Investors are closely watching the closely contested presidential race between Kamala Harris and Donald Trump, anticipating potential volatility in the markets based on the election outcome. Market analysts note that despite uncertainties, the long-term growth trends in stocks are likely to continue. Additionally, the Federal Reserve is expected to announce a rate cut at their upcoming policy meeting, which may further influence market dynamics.