Stock market today: Dow, S&P 500, Nasdaq slip as Wall Street braces for Election Day
Published On Nov 4, 2024, 12:15 PM
US stocks experienced a modest decline on Monday as investors prepared for a volatile week with key events like the presidential election and a Federal Reserve policy meeting approaching. The S&P 500 fell 0.2%, while the Nasdaq Composite also decreased by 0.2%. Despite the current losses, the earnings season has been solid, and there's optimism for an interest rate cut by the Fed. The presidential race is tight, with recent polls showing Democrat Kamala Harris gaining an edge, unsettling markets that had anticipated a Trump victory. In the energy sector, oil prices surged nearly 3% following OPEC+'s decision to postpone output increases amidst heightened geopolitical tensions.