Stocks jump on Election Day as investors eye outcome

Stocks jump on Election Day as investors eye outcome

By Chuck Mikolajczak

Tue November 5, 2024 4:32 PM

Today was another vivid demonstration of the schizophrenic nature of this market since, though little has changed since yesterday’s big slide, today there was a really big rally as the market decided the odds were once again favoring a Trump victory. It was a steady upward swing from the open to close with chunky 3-digit gains all around. But have the odds really changed at all since yesterday? All the polls still show an exceedingly tight 50/50 race.  

Wall St slips as uncertainty surrounds U.S. election

Wall St slips as uncertainty surrounds U.S. election

By Chuck Mikolajczak

Mon November 4, 2024 6:16 PM

Most of the market spent most of the day in the red as the indexes bounced up and down in the red like crazy over election uncertainty. Wall Street favors Trump so when the new Iowa poll (that always goes Republican) came out favoring Harris, the indexes kept going down. One hour there would be good news about Trump, the next about Harris, not a good day for trend-followers. Uncertainty was heightened by the wide expectation that it will be at least a few days before a victor is declared.  

Wall St closes higher as Amazon's gains offset weak job growth

Wall St closes higher as Amazon's gains offset weak job growth

By Abigail Summerville

Fri November 1, 2024 4:36 PM

Yesterday’s panic over uncertain costs for AI and today’s weak jobs report showing almost no growth compared to September was more than compensated today by a glowing Amazon report showing strong retail, besides which the jobs report was admittedly watered down by the combo of the Boeing strike and the two mega-hurricanes, all of which are big anomalies. Election uncertainty remains dominant but bets are still strong for a ¼ point November rate cut. The new month seems to be offering renewed optimism as reflected in the 12.13 billion volume vs 11.7 billion average. 

DJ: 41,763.46  -378.08      NAS: 18,095.15  -512.78      S&P: 5,705.45  -108.22        10/31

DJ: 42,052.19  +288.73     NAS: 18,239.92  +144.77     S&P: 5,728.80  +23.35          11/1

Fri 11-1-24 4:36 pm Wall St closes higher as Amazon's gains offset weak job growth | Reuters