S&P 500 closes lower ahead of election and Fed rate decision, investors cautious

From Investing.com: 2024-11-04 16:04:45

The S&P 500 closed lower as traders exercised caution ahead of the presidential election and the Federal Reserve’s rate decision. At 4:00 p.m. ET, the Dow dropped 257 points, the S&P 500 slipped 0.3%, and the Nasdaq fell 0.3%. Investors are on edge as polls show a tight race between Donald Trump and Kamala Harris, with concerns over potential market impacts, especially in the Big Tech sector. NVIDIA set to join the Dow Jones Industrial Average, while earnings season continues with Berkshire Hathaway missing forecasts and Marriott cutting profit forecasts. The Fed is expected to cut interest rates by 25 basis points this week.



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