Stocks are mixed ahead of election and FOMC meeting, with some companies under pressure

From Nasdaq: 2024-11-04 15:45:02

The S&P 500 is up slightly while the Dow Jones and Nasdaq are down. Stocks are lower due to election and FOMC concerns. Marriott and US power stocks are under pressure. Nvidia and Air Transport Services Group are up. Markets are focused on the US election, FOMC meeting, and earnings reports.

Interest rates are up amid expectations of a rate cut. European bond yields are lower, with the Eurozone’s investor confidence index rising slightly. Swaps predict a rate cut by the ECB in December.

Mosaic, Fox Corp, and Nvidia are up, while Intel is down. Yum China reports strong earnings. Power stocks like Constellation Energy and Talen Energy Corp are down. B. Riley Financial announces an impairment. Marriott International cuts its Ebitda forecast.

Earnings reports include AIG, Fox Corp, and Marriott International. For more stock market news, visit Barchart. The author does not hold positions in mentioned securities. Views expressed are the author’s own and do not reflect those of Nasdaq, Inc.



Read more at Nasdaq: Stocks Under Pressure Ahead of Tuesday’s Election and FOMC Meeting