
US Elections & stocks news today
Election, Earnings, and Federal Reserve in Focus
Market Indices Performance The major U.S. stock indexes took a hit yesterday, as investors awaited critical political and economic developments. The S&P 500 closed down 0.3%, while the tech-heavy Nasdaq 100 also declined by 0.3%. The Dow Jones Industrial Average led losses, sliding 0.6%.
Earnings Movers In late trading, Palantir Technologies Inc. (NYSE: PLTR) surged as the data analytics firm surpassed earnings expectations, bolstered by strong demand for its artificial intelligence (AI) capabilities. Palantir’s CEO described this demand as “unwavering,” reflecting the growing interest in AI-driven solutions across industries.
On the other hand, NXP Semiconductors NV (NASDAQ: NXPI) fell sharply after issuing a disappointing sales forecast, signaling potential headwinds in the semiconductor market.
Treasury Yields U.S. Treasury yields eased back, with the benchmark 10-year yield declining by nine basis points to settle at 4.29%. This drop in yields reflects a cautious market sentiment amid uncertainty about upcoming economic data and Federal Reserve policy decisions.
Political and Economic Outlook: All Eyes on U.S. Election and Fed Meeting
U.S. Presidential Election The U.S. presidential election has become a pivotal event for investors. Polls will close this evening, and markets are closely monitoring the outcome, given its potential implications for fiscal policy, regulatory changes, and broader market sentiment. While betting odds initially placed former President Donald Trump well ahead, the race has tightened significantly, with Vice President Kamala.
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