Wednesday, 28 Oct 2020 07:46 AM MYT
Wall Street's main indexes ended mixed, with the S&P 500 and the Dow industrials down and the tech-heavy Nasdaq gaining as the lack of a US coronavirus fiscal relief package also hung over markets. “Just literally a few trading days away from the election, folks are sitting on the sidelines seeing ultimately what the outcome of the election is and then they will move forward from there,” said Michael Arone, chief investment strategist at State Street Global Advisors.
“Resurgence in the Covid cases combined with the fact that we are going to have to wait even longer to get a fiscal policy package put together certainly has investors on edge,” Arone said. In foreign exchange markets, the dollar index, which measures the greenback against a basket of currencies, fell 0.122 per cent, with the euro down 0.01 per cent to US$1.1807 .