Wall Street stocks ended lower on the eve of the election


Stocks on Wall Street ended lower after an uncertain session as markets brace for volatility related to the US presidential election.

Vice President Kamala Harris and former President Donald Trump embarked on a final campaign blitz in swing states ahead of Tuesday's on-the-ground vote. Polls show the race is evenly matched.

Analysts predicted the stock would fluctuate until the political situation clears. The election portends potentially serious implications for tax and trade policy, as well as impacts on individual sectors.

The Dow Jones Industrial Average ended down 0.6% at 41,794.60 points.

The broad-based S&P 500 declined 0.3% to 5,712.69 and the technology-rich Nasdaq Composite Index also lost 0.3% to 18,179.98.

Although the presidential election is seen as a foregone conclusion, markets overwhelmingly expect the Federal Reserve to cut interest rates by a quarter-point on Thursday.

Another potential catalyst for market activity this week will be the meeting of Chinese policymakers, where officials are expected to craft a large stimulus package.

Among individual companies, Constellation Energy fell 12.5 percent along with other nuclear power stocks after U.S. energy regulators rejected a proposal to supply nuclear power to an Amazon data center that 

Translated with DeepL.com (free version)