Wall St rallies on election day as investor focus shifts to outcome
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Polls show tight race, Trump leads in betting markets
Trump-linked stocks rally
Palantir soars after results
Indexes up: Dow 0.78%, S&P 500 1.04%, Nasdaq 1.35%
Updated at 11:50 a.m. ET/1650 GMT
By Lisa Pauline Mattackal and Ankika Biswas
Nov 5 (Reuters) -Wall Street's main indexes rose on Tuesday in a broad rally, but investors still braced for volatile trading over the next few sessions as voting began in a tightly contested U.S. presidential election.
The final outcome could take days as opinion polls in the campaign's final days showed the contest between Republican Donald Trump and Democrat Kamala Harris was too close to call.
The former president's odds improved in betting markets, which many investors have been following for any indication on the election outcome.
On the voting day, volatility was more noticeable in bonds and currency markets. Equity markets were largely calm against the backdrop of an optimistic long-term outlook underpinned by corporate earnings and economic data.
The VIX .VIX, an index of Wall Street volatility, eased to 20.24, well below levels seen during the 2020 election and the two-month high it hit last week.
All 11 sectors in the S&P 500 gained, with Industrials .SPLRCI, Consumer Discretionary .SPLRCD and Information Technology .SPLRCT adding more than 1.3%.
"Some strength on election day is nothing new...the services number today was quite solid and the bottom line is the economy remains quite strong," said Ryan Detrick, chief market strategist at the Carson Group.
U.S. services sector activity showed a surprise rise in October to a more than two-year high and employment strengthened, according to the Institute for Supply Management's non-manufacturing PMI index.
Investors are also keeping an eye on Congressional elections to determine the balance of power in Washington. Many analysts predict a split government, which would limit the ability of the President to enact significant policy changes.
Stocks viewed as bets on a win for the former president jumped, with Trump Media & Technology Group DJT.O surging 14.4% and prison operator Geo Group GEO.N gaining 6%.
Crypto stocks tracked bitcoin BTC= to rise as Trump has positioned himself as friendly to the sector.
Megacap growth stocks gained, with Tesla TSLA.O rising 4%, and Nvidia NVDA.O up 3.1%, while economically sensitive small caps .RUT rose 1.1%.
The Dow Jones Industrial Average .DJI rose 326.12 points, or 0.78%, to 42,120.72, the S&P 500 .SPX gained 59.24 points, or 1.04%, to 5,771.93 and the Nasdaq Composite .IXIC gained 245.09 points, or 1.35%, to 18,425.07.
Palantir PLTR.N soared 23% to a record high after the data analytics firm raised its annual revenue forecast for the third time.
Shares of Boeing BA.N, which had risen before the bell following the end of a prolonged workers' strike, edged 0.8% lower.
The Federal Reserve's November policy meeting will start on Wednesday. While markets are betting on a 25-basis point cut to interest rate, the outlook for future easing has grown uncertain as data points to a strong economy.
Advancing issues outnumbered decliners by a 2.95-to-1 ratio on the NYSE and by a 2.18-to-1 ratio on the Nasdaq.
The S&P 500 posted 19 new 52-week highs and six new lows while the Nasdaq Composite recorded 75 new highs and 88 new lows.
USA-ELECTION/STOCKS Wall Street performs better under a unified government but... https://reut.rs/4hbOKMJ
'Fear index' at low ebb ahead of US vote https://reut.rs/4f9RxF1
Reporting by Lisa Mattackal and Ankika Biswas in Bengaluru; Editing by Arun Koyyur
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
