The Dow Jones Industrial Average fell 165.72 points, or 0.56%, at the open to 29,231.91
(Reuters) - The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.
Biden extended narrow leads in Pennsylvania and Georgia, putting him on the verge of winning the White House
US stocks jumped as investors bet Republicans would hold onto the Senate and prevent changes under a possible Joe Biden White House that would crimp corporate profits
The Dow Jones Industrial Average rose 1.75 per cent to 28,334.47, while the S&P 500 gained 1.91 per cent
US billionaires add $57.4 billion as stock markets climb
The rebound came after a more than 3 per cent slide a day earlier in Wall Street's major indexes, underscoring heightened market volatility ahead of the presidential election next week
The Dow ended lower on the day, moving within tight ranges
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