Stock market today: Asia shares decline as investors await earnings, US elections and economic data

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On Wall Street, the S&P 500 slipped 0.3% to 5,813.67 after drifting between small gains and losses several times, though it’s still near its all-time high set earlier in October. Nvidia, a chip giant that’s rocketed to become one of Wall Street’s largest most influential stocks, fell 1.4% and was one of the heaviest weights on the S&P 500.Also falling was Trump Media & Technology Group, the company behind former Donald Trump’s Truth Social platform. It dropped 22.3% for the worst loss since taking its place on the Nasdaq stock market following a merger with another company in March.

Traders are largely expecting the Fed to cut its federal funds rate by a quarter of a percentage point at its next meeting next week, according to data from CME Group.

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