BREAKING: Dow slides 210 points, Nasdaq over 1%
as investors weigh the results of the November 8 U.S. midterm elections.On Friday, the S&P 500 rose 5.5% in its biggest one-day gain in two years. It ended 5.9% higher for the week, its biggest in five months. The Dow rose 0.1% and the Nasdaq composite climbed 1.9%.
“Policy paralysis at a time of economic crisis is not a good look,” said Bennett in a report. “The current stock rally may have only days to run.” Meanwhile, Asian stocks declined while Europe opened higher Monday as optimism about lower U.S. inflation competed with unease over a rise in Chinese virus cases.
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