US Stocks Trade Higher as Mid-term Elections Begin
US stocks traded higher on Tuesday as investors closely followed the country's mid-term elections.
New York, Nov 7: US stocks traded higher on Tuesday as investors closely followed the country's mid-term elections. The Dow Jones Industrial Average gained 113.63 points, or 0.45 per cent, to 25,575.33. The S&P 500 was up 9.36 points, or 0.34 per cent, to 2,747.67, Xinhua news agency reported.
The Nasdaq Composite Index rose 31.74 points, or 0.43 per cent, to 7,360.59. The results of the US midterm elections are expected to send ripples throughout capital markets.
On the economic front, the number of job openings decreased to 7 million on the last business day of September, the US Labor Department said on Tuesday. US Midterms Elections: Contests in High-profile Races Remain Tight.
Over the month, hires and separations were both little changed at 5.7 million. Within separations, the quits rate was unchanged at 2.4 per cent and the layoffs and discharges rate was little changed at 1.1 per cent, said the department.
On Monday, a report showed that the ISM non-manufacturing index hit 60.3 per cent, higher than analysts' expectations. The non-manufacturing sector has again reflected strong growth despite a slight cooling off after a record month in September, said experts.
(The above story first appeared on LatestLY on Nov 07, 2018 08:33 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).