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Barchart
Barchart
Rich Asplund

Stocks Under Pressure Ahead of Tuesday’s Election and FOMC Meeting

The S&P 500 Index ($SPX) (SPY) today is up +0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is up -0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%.

Stocks today are moderately lower on long liquidation pressures ahead of the US presidential election on Tuesday and the Tue-Wed FOMC meeting.  Also, US power stocks are under pressure today after the Federal Energy Regulatory Commission voted 2-1 against the proposal that would have increased the amount of power supplied to an Amazon.com AI data facility.  In addition, Marriott International is down more than -3% after reporting weaker-than-expected Q3 adjusted Ebitda and cutting its full-year adjusted Ebitda forecast.

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