US Stocks Slip After Presidential Election Debate

US election polls and inflation data are among the factors driving the stock market. 

SP 500 - Daily Chart

SP 500 – Daily Chart 

The S&P 500 was able to bounce over the last two days but there is a risk of returning to the Monday lows. The August lows would be a target of further correction. 

Kamala Harris was seen as winning the Presidential debate and that could see some bets unwound on Trump’s policies. Another reason for the day’s dip was an important inflation indicator in the CPI. The report was scheduled for 9:30 pm HKT and could play a big role in Thursday’s trade. 

There are further numbers on that day as PPI producer inflation is released at a similar time and these readings will guide stocks into the weekend. 

Elevated core prices have boosted bond yields and cut the chances of a 50 bp rate cut at next week’s FOMC meeting down to 17% from 50% after the release of last Friday’s US payroll jobs number. 

The S&P 500 was down by -0.55% ahead of the reading as investors worry about recent strength in prices.  

The election is less than two months away and could cause some volatility depending on the policy outlook. Kamala Harris is now said to be leading the betting Donald Trump’s odds drifting to their biggest in the last four weeks.

Recent News
Start Trading Now!

Try our demo account for free to learn trading. When you’re ready, switch to the live account and start trading for real.

Popular posts
ATFX

Account Registration Unavailable

Please note that you may be accessing this page from outside South Africa. For retail and professional inquiries regarding AT Global Markets SA (Pty) Ltd, kindly reach out to us at [email protected]

ATFX

Important Notice

ATFX is not authorized by the Brazilian Securities Commission (CVM) to offer brokerage or distribution services for securities issued abroad to investors residing in the Federative Republic of Brazil. At present, ATFX does not actively operate or offer brokerage services in Brazil. By accessing this website, investors declare that they are aware of the applicable legal restrictions and agree that they are operating outside the jurisdiction of the CVM. Investments abroad are not covered by the protection mechanisms existing in Brazil, such as the MRP and the FGC. To enable future regularized operations, ATFX has entered into a contract for the provision of intermediation services abroad with the Brazilian brokerage firm Levycam CCTVM (CNPJ No. 50.579.044/0001-96), as provided for in CVM Guidance Opinion No. 33/2005. However, activities related to local intermediation are still in the pre-operational phase (technological and regulatory integration process). If you have any questions about the regulation of your trading accounts, please contact us.

ATFX

🌍 Welcome to ATFX!

To provide you with the best trading experience in Iraq, please visit our localized website:

There, you’ll find all products, services, and contact information tailored specifically for you. Thank you for choosing ATFX!

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not available for Hong Kong investors and not related to any corporation licensed by the Securities and Futures Commission in Hong Kong.

All the information and materials posted on this website should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

使用限制:本網站的產品及服務不適用於香港投資者及與任何香港證監會持牌公司無關。

網站內部的信息和素材不應被視為分銷,要約,買入或賣出任何投資產品。