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Wall St. dips as eyes fixed on the presidential elections

Economies.com
2016-11-08 15:34 UTC

U.S. stock indices dipped on Tuesday as markets focused their attention on the presidential elections today, while traders take profits after a positive start for the week. 

 

The FBI announced this week that it doesn't intend to charge Hillary Clinton for her use of a private server to conduct official business, and for her leaked emails, which buoyed her chances of reaching the White House and restored confidence in the markets. 

 

Investors are now waiting for the elections to end before taking new positions, which explains the thin trading and the slight dip today. 

 

On the other hand, the dollar inched up today against major rivals for the same reason, as confidence climbs in the markets along with Clinton's chances. 

 

Standard and Poor's 500 shed 0.27%, or 5.78 points to 2,125.74, while Dow Jones shed 0.14%, or 25.96 points to 18,233.64. 

 

Tech-heavy NASDAQ gave up 0.23%, or 11.92 points to 5,154.25. 

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