Here are 5 tips for today's trading. This will help you decide where you should invest and what to look for:
Here are 5 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Midterm Election Results
1) Midterm Election Results
CNN projections show Republicans won the balance of power in both the Senate and the House.
This gives the GOP control of Congress and the power to pin down President Obama during his last two years in office. Many investors expect that the Republican takeover of the Senate will lead to more pro-business policies, and benefit the energy and financial sectors.
US stock futures were pushing higher before the open.
2) Economics
2) Economics
On the economics side, the ADP national employment report for October will be published at 8:15am ET. This comes just ahead of Friday's highly anticipated monthly jobs report from the US government.
3) European Market Movers
3) European Market Movers
European markets were all rising in early trading.
A stand-out performer was British grocery chain Marks and Spencer (MAKSY). The company reported better than expected earnings and shares shot up by 8%.
4) Asian Market Movers
4) Asian Market Movers
Shares in Japan's Softbank (SFTBF) declined by 2.3% after the telecom company slashed its earnings expectations for the year.
Shares in Japanese automaker Nissan (NSANY) got a 2% boost after it reported better than expected quarterly results. The weaker yen has helped, making it cheaper for foreigners to buy its cars.
Meanwhile, Asian markets ended with mixed results, though the moves were not particularly dramatic.
5) Tuesday Market Recap
5) Tuesday Market Recap
US stocks closed mixed Tuesday. The Dow Jones industrial average posted a gain of nearly 18 points, while both the S&P 500 and Nasdaq slid about 0.3%.
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