Stocks down, US yields higher as traders weigh election uncertainty

📆 10/22/2024 9:51 AM
📰 ChannelNewsAsia

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NEW YORK :A gauge of global shares was lower on Tuesday, on track for the second consecutive day of losses, with U.S. yields higher as markets weighed uncertainty ahead of the U.S. election as well as the outlook on interest rate cuts.

FILE PHOTO: Traders work on the trading floor at The New York Stock Exchange in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo

Visitors walk under a huge screen displaying Japan's Nikkei share average inside a building in Tokyo, Japan February 16, 2024. REUTERS/Issei Kato/ File Photo The benchmark S&P 500 and the Dow were down, driven partly by losses in industrials, materials, and financial stocks. The Nasdaq was flat in choppy trading.

The pan-European STOXX 600 index was also down 0.17 per cent. MSCI's gauge of stocks across the globe fell 0.47 per cent to 849.55.

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