S&P equity chief investment officer Erin Gibbs, Payne Capital Management senior wealth manager Michelle McKinnon and Kelly & Co. managing partner Kevin Kelly discuss how the midterm elections will impact the stock market.
U.S. stocks posted a mixed session one day ahead of the midterm elections. The Dow Jones Industrial Average surged 190.87 points late in the session or nearly 1 percent, the S&P 500 also posted gains of 15.25 or 0.56 percent The Nasdaq Composite fell 0.38 percent or 28.14 points with large cap tech names pacing the declines.
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Amazon, Google and Apple were among the largest decliners on the Nasdaq Composite. While IBM and Chevron both gained over 4 percent to lead the Dow.
Ticker Security Last Change %Chg AMZN AMAZON.COM INC. 1,627.80 -37.73 -2.27% GOOGL ALPHABET INC. 1,055.73 -15.76 -1.47% AAPL APPLE INC. 201.59 -5.89 -2.84% IBM INTERNATIONAL BUSINESS MACHINES CORP. 120.06 +4.39 +3.80% CVX CHEVRON CORP. 118.94 +4.21 +3.67%
Americans go to the polls Tuesday, in a highly contested election that could see the House flip from Republican to Democrat, FOX Business is following the issues impacting local and national economies.
The United States is putting oil and financial sanctions against Iran back in effect on Monday. The move is to curb Iran’s missile and nuclear programs and counter its growing military and political influence in the Middle East.
The move puts back in place U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Obama. They will also add 300 new designations in Iran’s oil, shipping,