Stocks wobble as investors watch US midterm elections
SPY•Global equity markets were mixed as investors watched the US midterm elections and oil prices fell. The S&P 500 rose 0.28% and the Nasdaq gained 0.66%, while the Dow fell 0.43%.
1. US stocks mixed
Global equity markets wobbled on Tuesday as investors watched the US midterm elections. The S&P 500 rose 0.28% and the Nasdaq gained 0.66%, led by industrials, technology and communication services shares; the Dow fell 0.43%.
2. Election and oil concerns
Most polls and non-partisan analysts expected Democrats to win the House, while control of the Senate remained uncertain. A Democratic sweep could bring tougher oversight of AI and more corporate regulation. Brent crude fell 1.12% to $103.60 a barrel after President Donald Trump said he had agreed to stop $4 billion in funding to Israel at year-end.
3. Yields and metals rise
The US 10-year Treasury yield rose 5.36 basis points to 4.948%. Spot gold fell 0.67% to $3,920.81 an ounce, and silver declined 2.23% to $49.50.
