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Stock market ends lower, halts 3-session string of gains as Wall Street awaits Trump-Biden face-off later Tuesday

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U.S. stocks snap 3-session winning streak ahead of Trump-Biden debate

U.S. stocks snapped a three-session mini streak of gains on Tuesday, as investors found few reasons to push equity benchmarks to further gains ahead of a key debate between President Donald Trump and Democratic challenger, former Vice President Joe Biden. The Dow Jones Industrial Average DJIA, -0.47% closed off 0.5% at around 27,453, the S&P 500 index SPX, -0.48% closed down 0.5% at 3,335, while the Nasdaq Composite Index COMP, -0.29% finished off 0.

3% at 11,085, on a preliminary basis. All three major indexes had risen for three consecutive days before this pullback and are still holding onto solid weekly gains. Investors will focus on the Trump-Biden debate for clues about policy and gauge the trajectory of the 2020 election race for the White House. Biden currently leads the president by around 8 percentage points, according to an average of national polls by RealClearPolitics. The debate is set to take place at 9 p.m.

 

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