{"id":48332,"date":"2024-11-04T12:28:33","date_gmt":"2024-11-04T12:28:33","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/"},"modified":"2024-11-04T12:28:33","modified_gmt":"2024-11-04T12:28:33","slug":"stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/","title":{"rendered":"Stock Market Today: S&#038;P 500, Nasdaq, and Dow Jones React to Pre-Election Jitters and Tech Earnings"},"content":{"rendered":"<p>The stock market experienced significant volatility on Monday, November 4, 2024, as investors grappled with pre-election uncertainty and digested recent tech earnings reports. Major indexes showed mixed performance, reflecting the complex interplay of political, economic, and corporate factors influencing market sentiment.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Market_Performance\" >Market Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Tech_Sector_Leads_the_Charge\" >Tech Sector Leads the Charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Pre-Election_Market_Sentiment\" >Pre-Election Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Federal_Reserve_Watch\" >Federal Reserve Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Earnings_in_Focus\" >Earnings in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Sector_Performance\" >Sector Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-nasdaq-and-dow-jones-react-to-pre-election-jitters-and-tech-earnings\/48332\/#Looking_Ahead\" >Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Performance\"><\/span>Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of 4:00 PM EST:<\/p>\n<p>&#8211; The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a><\/b> edged up 0.2% to 5,740.25<br \/>&#8211; The <b>Nasdaq Composite<\/b> gained 0.5% to 18,330.45<br \/>&#8211; The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/b> slipped 0.1% to 42,010.30<\/p>\n<p>The slight gains in the S&#038;P 500 and Nasdaq were primarily driven by a rebound in tech stocks, while the Dow&#8217;s minor decline reflected broader market caution ahead of tomorrow&#8217;s presidential election.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_Leads_the_Charge\"><\/span>Tech Sector Leads the Charge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology stocks, particularly those involved in artificial intelligence (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AI\">AI<\/a>), continued to be a focal point for investors. <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> surged 3.2% following announcements of new AI partnerships, while <b>Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>)<\/b> climbed 1.8% as its cloud services division reported strong growth.<\/p>\n<p><b>Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>)<\/b> saw a 2.1% increase after analysts upgraded their outlook on the e-commerce giant&#8217;s AI initiatives and cloud computing segment. However, <b>Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>)<\/b> faced a 0.7% decline amid concerns over iPhone sales in China.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pre-Election_Market_Sentiment\"><\/span>Pre-Election Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With the U.S. presidential election scheduled for tomorrow, November 5, market volatility has increased. The <b>CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>)<\/b>, often referred to as the &#8220;fear gauge,&#8221; rose 5% to 24.50, indicating heightened investor anxiety.<\/p>\n<p>&#8220;The market is holding its breath as we approach one of the most contentious elections in recent history,&#8221; said Sarah Johnson, chief market strategist at Capital Insights. &#8220;Regardless of the outcome, we expect to see significant market movements in the coming days as investors react to the results and their potential impact on fiscal and monetary policies.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Federal_Reserve_Watch\"><\/span>Federal Reserve Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are also closely monitoring the Federal Reserve&#8217;s upcoming policy meeting on November 6-7. Recent economic data, including the Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) price index, showed inflation moving closer to the Fed&#8217;s 2% target. This has fueled speculation about potential interest rate cuts in the near future.<\/p>\n<p><b>John Smith, economist at Global Economics Partners<\/b>, commented, &#8220;The Fed&#8217;s decision this week could set the tone for market performance through the end of the year. With inflation showing signs of moderation, there&#8217;s growing optimism for a more dovish stance from the central bank.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Earnings_in_Focus\"><\/span>Earnings in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several major companies are set to report earnings this week, which could further influence market direction:<\/p>\n<p>&#8211; <b>Walt Disney (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>)<\/b>: Expected to report on November 8, with investors keen on streaming subscriber numbers and theme park performance.<br \/>&#8211; <b>Uber (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UBER\">UBER<\/a>)<\/b>: Scheduled for November 7, with focus on ride-sharing demand and profitability metrics.<br \/>&#8211; <b>Moderna (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRNA\">MRNA<\/a>)<\/b>: Reporting on November 9, with updates on COVID-19 vaccine sales and pipeline developments eagerly anticipated.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_Performance\"><\/span>Sector Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; Information Technology: +1.2%<br \/>&#8211; Communication Services: +0.8%<br \/>&#8211; Consumer Discretionary: +0.5%<br \/>&#8211; Healthcare: -0.3%<br \/>&#8211; Financials: -0.4%<br \/>&#8211; Energy: -0.6%<\/p>\n<p>The energy sector&#8217;s decline was attributed to falling oil prices, with <b>West Texas Intermediate crude<\/b> dropping 1.5% to $82.30 per barrel.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead\"><\/span>Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the market braces for the election results and the Fed&#8217;s policy decision, analysts expect heightened volatility in the coming days. &#8220;Investors should prepare for potential market swings as these critical events unfold,&#8221; advised Michael Lee, portfolio manager at Evergreen Investments. &#8220;Long-term investors might view any short-term dips as buying opportunities, especially in sectors poised for growth in the evolving economic landscape.&#8221;<\/p>\n<p>The combination of election uncertainty, Fed policy expectations, and ongoing earnings reports creates a complex environment for investors. Market participants are advised to stay informed and maintain a balanced approach as these pivotal events shape the financial landscape in the days ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The stock market experienced significant volatility on Monday, November 4, 2024, as investors grappled with pre-election uncertainty and digested recent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[3749,33,225,391,633,809,1524,3703,3730,3736],"class_list":["post-48332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-pce","tag-msft","tag-aapl","tag-amzn","tag-nvda","tag-dis","tag-mrna","tag-ai","tag-vix","tag-uber"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=48332"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=48332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}