SAN FRANCISCO (Diya TV) – U.S. stocks and Treasury yields climbed Tuesday, a reverse of earlier declines, as voters made their way to the polls for the country’s Nov. 8 general election.
Stocks traded in a tight range earlier in the day, but began a session-high rise during the afternoon trading hours. The market rally reversed many of the morning’s top trades – oil prices gained, U.S. government bonds sold off and Mexico’s peso, seen as particularly sensitive to the election outcome, strengthened against the dollar. All of this is good news for investors. Those who have invested money in stocks will be happy to hear that they reached a high rise in the afternoon. More and more people seem to be getting involved in stocks, which is great for the market. If any other people would like to know more about investing, they could consider learning jak kupić akcje (how to buy stocks) online.
The CBOE Volatility Index was down 5 percent after peaking at 6 percent earlier in the session. The index is based on the price of options that investors tend to flock towards when they are fearful of declines in the market.
A multitude of investors and analysts said they were watching the polls of the presidential election as the outcome remained too close to call. Some traders began cautioning that the market’s moves have come on thin volume, as many clients had already positioned themselves ahead of the election.
“I think a lot of people are just sitting on the sidelines right now, waiting,” Mohit Bajaj, director of ETF trading solutions at WallachBeth Capital, told the Wall Street Journal. “Any buyers in the market right now tend to have an exaggerated effect.”
The Dow Jones Industrial Average rose 118 points, or 0.6%, to 18377. The S&P 500 gained 0.6% and the Nasdaq Composite rose 0.8%.
The Stoxx Europe 600 climbed 0.3% following a muted session in Asia.
Widely considered a risky asset, stocks have risen in recent sessions almost at the same time Democratic nominee Hillary Clinton widened the gap between herself and that of Republican nominee, Donald Trump. Investors began selling off their assets as the race tightened, many believe their stocks would fare better in the sessions immediately following a Clinton victory, while uncertainty around the details of Donald Trump’s policy proposals would send risky assets lower in the short-term aftermath of his election.