S&P 500 rallies on election day as tech shines
Investors were on edge as recent polls showed Donald Trump and Kamala Harris were neck-and-neck in the upcoming presidential election, with the results likely to dictate trade and tax policies over the course of the next four years.
While earlier polls had shown Trump gaining some ground over Harris, this trend appeared to have reversed going into the election. Trump is expected to roll out more inflationary policies and impose tougher trade tariffs on China- a scenario that could bode poorly for the big tech sector, while Harris has proposed increased taxes on high net worth individuals and big businesses, while easing the tax burden on families.Also limiting activity Tuesday is the proximity to Thursday's Federal Reserve policy-setting meeting, with the central bank widely expected toRecent data showing sticky inflation and strength in the U.S.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Orders 500 More Troops to North Carolina to Assist with Hurricane Relief EffortsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
S&P 500: Path of Least Resistance Higher After Bulls Mount Successful Support TestStocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Russell 2000 ETF, NASDAQ Composite. Read Declan Fallon's latest article on Investing.com
Read more »
S&P 500: Improving Earnings, Strong Economy Make a Case for a Broader RallyStocks Analysis by Ed Yardeni covering: S&P 500, US Small Cap 2000, The Utilities Select Sector SPDR® Fund, The Real Estate Select Sector SPDR® Fund. Read Ed Yardeni's latest article on Investing.com
Read more »
Goldman Sachs raises S&P 500 EPS, index price target ahead of 3Q earningsGoldman Sachs raises S&P 500 EPS, index price target ahead of 3Q earnings
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: Attention turns to CPI, PPI reportsDow Jones, Nasdaq, S&P 500 weekly preview: Attention turns to CPI, PPI reports
Read more »
Goldman Sachs is getting more bullish about stocks, raises S&P 500 forecast to 6,000Goldman Sachs thinks the stars are aligning for the stock market through year-end and beyond.
Read more »