The Dow Jones Industrial Average rose 45.99 points, or 0.16 per cent
Equity analysts have boosted the average profit forecast for companies in the MSCI Emerging Markets Index by 12.1 per cent in dollar terms since a low on June 1
Downbeat comments from Treasury Secretary Steven Mnuchin that a deal would not likely be made before the vote
While all three major stock indexes closed in the red, a gain Microsoft Corp shares helped the mitigate the tech-heavy Nasdaq's loss
The Dow Jones Industrial Average fell 72.57 points, or 0.25 per cent, at the open
Apple Inc was a major support for the three main stock indexes with a 3.6 per cent gain ahead of a special event on Tuesday
The S&P 500 financials index jumped 2.6 per cent and was on track for its best day in two and a half months
Microsoft Corp, Apple Inc, Alphabet Incand Facebook Inc, which together have fueled Wall Street's rally since the pandemic slammed markets in March, all rose more than 1 per cent
Microsoft Corp, Apple Inc, Alphabet Inc and Facebook Inc, which together fuelled a Wall Street rally since a coronavirus-driven crash in March, rose between 0.3% and 0.9% in early deals
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.25% while Japan's Nikkei advanced 0.35%
Keep an investment horizon of at least five years, start with US and then go beyond that
Virtually every constituency in the market has gotten more bullish as the S&P 500 surged 52% in five months
The United States and Moderna announced the agreement for 100 million doses of its potential Covid-19 vaccine late on Tuesday
US Treasury Secretary Steven Mnuchin said the White House and top Democrats in Congress may not be able to reach a deal on coronavirus aid
Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March
Investors also fretted ahead of high-profile earnings reports and expiration of enhanced employment benefits
At the end of its two-day policy meeting the Fed said it maintained its interest rate target range until it is confident the economy has weathered the virus
Of the 163 S&P 500 firms that have reported results, 79.1 per cent have surpassed a low bar of quarterly profit expectations, according to Refinitiv IBES data
The Dow Jones Industrial Average rose 152.27 points, or 0.57%, at the open to 26,833.14, and the S&P 500 opened higher by 16.68 points, or 0.51%, at 3,268.52.
US drugmaker Pfizer and German biotech firm BioNTech reported additional data from their experimental Covid-19 vaccine that showed it was safe and induced an immune response in patients