S&P 500, Nasdaq Tick Higher at Open as Election Day Kicks Off -- WSJ

Dow Jones11-05 22:40

By Angus Berwick and Karen Langley

Election Day is upon us and markets are largely in wait-and-see mode.

Major stock indexes edged higher, as did Treasury yields, following Monday's declines. Some proxies for expectations of a Donald Trump victory are gaining ground: Trump Media shares are up, and bitcoin prices are higher.

Whether Trump or Kamala Harris wins the presidency isn't the only issue for investors. Other questions include when the race will be decided, if the result will be contested and whether the new president will end up working with a Democrat- or Republican-led House and Senate.

In recent market action:

Stocks rose modestly, with the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite all higher.

Treasury yields advanced. The 10-year yield topped 4.32%, after settling at 4.309% Monday.

The U.S. dollar edged down against a basket of currencies, after weakening yesterday.

Bitcoin prices rose. Dogecoin, a meme token often touted by Trump backer Elon Musk, rallied.

Crude-oil prices gained, following Monday's rally.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 05, 2024 09:40 ET (14:40 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Some proxies for expectations of a Donald Trump victory are gaining ground: Trump Media shares are up, and bitcoin prices are higher. \n\n\n  Whether Trump or Kamala Harris wins the presidency isn't the only issue for investors. Other questions include when the race will be decided, if the result will be contested and whether the new president will end up working with a Democrat- or Republican-led House and Senate. \n\n\n  In recent market action: \n\n\n  Stocks rose modestly, with the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite all higher. \n\n\n  Treasury yields advanced. The 10-year yield topped 4.32%, after settling at 4.309% Monday. \n\n\n  The U.S. dollar edged down against a basket of currencies, after weakening yesterday. \n\n\n  Bitcoin prices rose. Dogecoin, a meme token often touted by Trump backer Elon Musk, rallied. \n\n\n  Crude-oil prices gained, following Monday's rally. \n\n\n \n\n\n  This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 09:40 ET (14:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481688896"}