Wall Street Live Updates: What does Harris have in store for the Americans and the world?

JM Financial: Harris’ policies are largely status quo. She has indicated her preference for: (1) increasing spending through an increase in taxes on corporates and wealthy Americans and not raising taxes on anyone making

Nov 05, 2024, 6:38 pm IST

Wall Street Live Updates: What does Trump have in store for Americans and the world?

JM Financial: Trump’s policies are relatively expansionary in nature. He has indicated his preferences for: (1) lowering tax rates for corporates (especially those manufacturing in the US) (2) ~60% or higher tariffs on imports from China and 10-20% on the rest of world, (3) mass deportation of illegal immigrants, which could impact labour supply, (4) Cut aid to Ukraine, curb participation in NATO, while continuing to support Israel and the protection of Taiwan, and (5) increased influence over the Fed. We believe his policies could lead to higher interest rates, a strong US dollar and slowdown in global growth.

Nov 05, 2024, 6:32 pm IST

US Election Results: What Does Market Focus On?

As per Trading Economics, recent polls suggest a tight race between Vice President Kamala Harris and former President Donald Trump, with markets also focusing on which party will control Congress as a potential sweep could bring significant shifts in spending and taxation policies. Investors are also awaiting the Federal Reserve’s policy decision later this week, where a more cautious 25-basis-point rate cut is widely expected.

Nov 05, 2024, 6:30 pm IST

US Market Live Updates: US Stock Futures Steady On Election Day

US stock futures held a steady momentum on Tuesday, as the country votes in the 2024 presidential election. At the time of writing, Dow Jones futures is up by 24 points or 0.06% t trade at 41,980. While S&P 500 Index Futures inched up by 0.13% to perform at 5,750.50. Meanwhile, the Nasdaq-100 Futures outperformed its counterparts to surge by 0.3% to trade at 20,136.00.

Nov 05, 2024, 6:25 pm IST

US Market Live Updates: Previous Session

Ahead of the US election on November 5, Wall Street witnessed bearish tone on November 4, Monday. Dow Jones Industrial Average or DJIA ended at 41,794.60, down by 257.59 points or 0.61%. While S&P 500 index closed at 5,712.69 lower by 16.11 points or 0.28%. Lastly, Nasdaq closed at 18,179.98 below 59.93 points or 0.33%.