Wall Street ends higher than investors take US midterm exams.

Take-Two, Lyft fall on optimistic forecast Amgen upsides on cholesterol drug data: S&P 500 +0.56%, Nasdaq +0.49%, Dow +1.02% Nov 8 (Reuters) – Wall Street on Tuesday voted midterm elections ended on an upward trend. The Dow Jones Industrial Average (.DJI) fell less than 10% per annum for the third straight day in the US Congress-controlled US stock market, where investors bet on a political deadlock that could prevent a major policy change. -to-date. Shares of Dow blue-chip Amgen Inc (AMGN.O) rose nearly 6% to a new all-time high after the company reported positive data related to cholesterol drugs and obesity treatment. A total of 435 seats in the House of Representatives, and about 35 seats, are on ballots, and experts say it could be days before it becomes clear who won a particular race. Bipartisan predictions and polls suggest Republicans are more likely to win a House majority and fiercely contest for control of the Senate. said Terry Sandven, chief equity strategist at US Bank Wealth Management in Minneapolis. But the Democrats’ surprising victory could raise concerns about tech regulation and budget spending that could fuel already high inflation. Investors are also waiting for key inflation figures to be released on Thursday, which are expected to provide further clues as to whether consumer prices will ease and the Fed can ease its aggressive rate hike campaigns. According to CME Fedwatch tool, the Fed will raise rates by 50bp or 75bps at its central bank meeting in December. Cryptocur Rency-related stocks, including Coinbase Global (COIN.O) and MicroStrategy (MSTR.O) Currency giant Binance crashed after signing a non-binding deal to acquire rival FTX’s non-U.S. counterparts to cover the cryptocurrency exchange’s “liquidity crisis”. Some investors shoot first and ask questions later, but the good thing is that cryptocurrencies are sort of isolated. They are independent and are not really part of the stock market,” said Joe Saluzzi, co-manager of Themis Trading in Chatham, New Jersey. In 2022, all S&P 500 stocks performed higher by the S&P 500 (.SPX). Although it was down about 7% from its low, it was also down about 20% in 2022 on concerns that an aggressive Fed rate hike could paralyze the US economy. The S&P 500 rose 0.56% to close at 3,828.13 points. It rose 0.49% to 10,616.20 points and the Dow Jones Industrial Average rose 1.02% to 33,160.83 points, 10 of the 11 S&P 500 sector indices rose 1.72%, led by materials (.SPLRCM), followed by Information rose 0.92% Technology (.SPLRCT) Take-Two Interactive Software Inc (TTWO.O) fell nearly 14% after video game publishers revised down their annual revenue forecast, while ride-sharing company Lyft Inc (LYFT) .O) is down 23% after its current forecast Quarterly earnings are below Wall Street estimates S&P 500 (.AD.SPX) is a ratio of 2.5:1 S&P 500 posts 21 new highs and 9 new lows The Nasdaq recorded 97 new highs and 258 new lows. Volume on the US exchange was relatively low, with 11.7 billion shares traded, compared to an average of 11.8 billion shares in the previous 20 sessions, reported by Noel Randewich of Oakland, CA. and Bengaluru by David Carnevali Amruta Khandekar, Sruthi Shankar, Devik Jain, and Shubham Batra, New York, Additional Reports Edited by Maju Samuel and Matthew Lewis Our Standard: Thomson Reuters Trust Principle.
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