Stocks, dollar hemmed in ahead of US election results

By REUTERS
November 8, 2016 18:25

Global equity markets and the dollar were little changed on Tuesday as investors exercised caution at the conclusion of one of the most contentious US presidential election campaigns in history.

The market has been pricing in a win for Democrat Hillary Clinton, including a 2 percent jump in the S&P 500 on Monday after the FBI maintained its view that no criminal charges were warranted in a probe over her email practices. However, sharp election-related swings in recent weeks across all asset classes kept big bets in check with voting underway.

The Dow Jones industrial average rose 31.74 points, or 0.17 percent, to 18,291.34, the S&P 500 gained 1.85 points, or 0.09 percent, to 2,133.37 and the Nasdaq Composite added 2.76 points, or 0.05 percent, to 5,168.93.

The dollar was down 0.07 percent against a basket of currencies as gold made ground and yields on U.S. Treasuries rose slightly.


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