fbpx
Vertiv Introduces New Single-Phase Uninterruptible Power Supply for Distributed Information Technology (IT) Networks and Edge Computing Applications in Europe, Middle East, and Africa (EMEA)Read more Students from JA Zimbabwe Win 2023 De La Vega Global Entrepreneurship AwardRead more Top International Prospects to Travel to Salt Lake City for Seventh Annual Basketball Without Borders Global CampRead more Rise of the Robots as Saudi Arabia Underscores Global Data and Artificial Intelligence (AI) Aspirations with DeepFest Debut at LEAP23Read more Somalia: ‘I sold the last three goats, they were likely to die’Read more Merck Foundation and African First Ladies marking World Cancer Day 2023 through 110 scholarships of Oncology Fellowships in 25 countriesRead more Supporting women leaders and aspirants to unleash their potentialRead more Fake medicines kill almost 500,000 sub-Saharan Africans a year: United Nations Office on Drugs and Crime (UNODC) reportRead more Climate crisis and migration: Greta Thunberg supports International Organization for Migration (IOM) over ‘life and death’ issueRead more United Nations (UN) Convenes Lake Chad Countries, Amid Growing Regional CrisisRead more

US stocks higher on Election Day

show caption
AFP Photo
Print Friendly and PDF

Nov 08, 2022 - 10:52 PM

ANKARA (AA) – US stocks closed higher Tuesday on Election Day as investors brace for what is widely expected to be close races.

Americans headed to polling centers to vote for all 435 seats in the House of Representatives and 35 out of 100 in the Senate.

The Dow jumped 333 points, or 1.02%, to finish at 33,160. The S&P 500 added 21 points, or 0.56%, to 3,828.

The Nasdaq rose 51 points, or 0.49%, to close at 10,616.

The VIX volatility index, also known as the fear index, soared 5% to 25.58. The 10-year US Treasury yield, meanwhile, declined 1.6% to 4.144%.

The dollar index was down 0.4% to 109.65, but still around its highest in 20 years, while the euro added 0.5% to $1.0072 against the greenback.

Precious metals were on the rise, with gold adding 2.2% to $1,712 and silver increasing 2.7% to $21.36.

Oil prices were on the decline with global oil benchmark Brent crude trading at $95.65 per barrel, down 2.3%. US benchmark West Texas Intermediate was around $89.27 — down 2.7%.

Bitcoin and cryptocurrencies were in a major sell-off after crypto exchange firm, FTX, asked for the help of rival, Binance, because of liquidity issues, which instigated fears of the crypto market’s vulnerability.

The price of the world’s largest crypto by market size fell to as low as $17,167 at 2.33 p.m. EDT — its lowest level in almost two years.

The total value of the cryptocurrency market was down 12.4% to $909 billion at 4.03 p.m. EDT, according to data from the digital asset price-tracking website CoinMarketCap.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.