Will it be red or blue? Actually it's all green early on Election Day
Main U.S. indexes green; Nasdaq out front, up ~1%
Oct N-Mfg PMI 56.0 vs 53.8 estimate
Euro STOXX 600 index off ~0.2%
Dollar down; gold ~flat; crude up >1%; bitcoin up >4%
U.S. 10-Year Treasury yield rises to ~4.35%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
WILL IT BE RED OR BLUE? ACTUALLY, IT'S ALL GREEN EARLY ON ELECTION DAY
U.S. stock indexes are higher early on Tuesday as voting began in a tightly contested presidential election, with traders girding up for potentially volatile trading until a winner is declared.
Opinion polls in the campaign's final days showed Vice President Kamala Harris and Republican Donald Trump running neck-and-neck. Thus, the final outcome could take days.
In any event, the CBOE market volatility index .VIX, which has deflated to a four-day low just under 21.00, is still holding above the closely watched 20.00 level, suggesting a slightly elevated level of uncertainty.
All S&P 500 sectors are higher on the day with tech .SPLRCT, up 1.2%, posting the biggest rise.
FANGs .NYFANG, chips .SOX, and regional banks .KRX are among outperformers.
Here is a snapshot of where markets stood just shortly after 1000 EST:
(Terence Gabriel)
*****
FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:
S&P 500 INDEX: VOTING WITH ITS FEET? - CLICK HERE
U.S. ELECTION AND ITS IMPACT ON THE FED'S STEPS - CLICK HERE
IS BULLISH POSITIONING A RISK, GOING INTO US VOTE? - CLICK HERE
WHY EURO AREA INFLATION COULD STAY BELOW 2% FOR LONG - CLICK HERE
STOCKS HOLD THEIR BREATH AS AMERICA VOTES - CLICK HERE
EUROPEAN FUTURES STEADY AS ELECTION DAY ARRIVES - CLICK HERE
MARKETS BUCKLE UP FOR ELECTION DAY - CLICK HERE
Earlytrade11052024 https://tmsnrt.rs/3Co8X1P
(Terence Gabriel is a Reuters market analyst. The views expressed are his own)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
