The Dow Jones Industrial Average fell slightly in pre-market hours as markets anticipated results from the 2018 midterm election. Candidates are making their final pitches this morning as investors prepare for a number of scenarios that could impact the U.S. economy and markets over the next two years.
In the short term, investors have cause to be bullish regardless of polling results. According to a report from The New York Times, the S&P 500 has received a median bump of 18.4% during every midterm election cycle since 1946.
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 25,461.70 190.87 0.76% S&P 500 7,328.85 -28.14 -0.38% Nasdaq 2,738.31 15.25 0.56%
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
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The Top Stock Market Stories for Tuesday This morning, Americans head to the polls for the 2018 midterm election. We will know tonight whether the Republicans can hold the House and the Senate, or whether democratic minority leader Nancy Pelosi will pry away the Speaker’s gavel from Speaker Paul Ryan. Should the Democrats win back the House, it is unclear how they intend to direct their newfound legislative power with the Senate and executive branch still in Republican hands. Republicans are widely expected to retain control of the Senate, dividing the nation’s legislative branch between the two parties. While the media will center its focus on the House of Representatives, we’ll be focusing on how to make money in this election. And there’s no greater profit machine that will