Mixed on Wall Street before Election Day – E24

US stocks were up early after a week of nightmares on Wall Street, but then the Nasdaq index turned negative. These are the three leading stock indices:

• Dow Jones rises 1 percent
• S&P 500 up 0.6 percent
• Composite Nasdaq ned 0.3

European and Asian stocks were up earlier in the day.

Dunkin ‘Donuts Stiger

Market developments occur the day before Americans go to the polls.

The election of new senators, which takes place at the same time as the presidential elections, can have an impact on the stock market, as the Senate, among other things, needs to implement a new crisis package.

“The world will likely be much clearer in just a few days as the elections ended, crisis package negotiations resumed in Washington, and additional support from the central bank,” wrote Vital Knowledge founder Adam Crisafulli in a statement. note on Sunday, according to CNBC.

Dunkin ‘Donuts owner Dunkin’ Brands is up more than six percent after restaurant giant Inspire Brands announced an acquisition on Friday. The purchase is valued at USD 11.3 billion, including debt, corresponding to NOK 107 billion.

Heavy stock market period

The broad S&P 500 Index was down 5.6 percent last week.

According to CNBC, the New York stock indices had their worst week since March 20. It happened at the same time that the number of people infected with the coronavirus increased, fiscal policy negotiations collapsed and the giants of heavy technology fell after the quarterly reports.

October as a whole was also a difficult period for US equities. The Dow Jones was down 4.6 percent and had its worst month since March. The S&P 500 and the Nasdaq fell 2.8 and 2.3 percent, with both indices falling in the second month.

The chart below shows how the S&P 500 has performed so far this year. The index is up about 2.7 percent in the period.