US stock exchanges: Wall Street closes inconsistently before election night - tech stocks stabilize

Tech stocks are rising ahead of the important midterms. After the Nasdaq officially entered a correction, some investors are returning to the buying side.

A street sign on Wall Street. Photo: dpa

Dusseldorf. The most important indices on Wall Street cannot find a common direction on the day of the US midterm elections. After the significant losses, prices in the technology sector are stabilizing - apart from Apple. Industrial stocks that were most recently in demand came under slight pressure in trading on Tuesday.

The Dow Jones standard shares lost 0.4 percent to 51,786 points.

The broader S&P 500 closed slightly higher at 7,568 points.

The Nasdaq technology exchange rose by 0.8 percent to 25,372 points. The index closed more than ten percent below its record high on Monday and thus entered a correction.

The Nasdaq 100, which tracks the 100 largest non-financial companies with the highest market capitalization, also closed higher on Tuesday.

The first results of the midterm elections will be available on Wednesday night. The final outcome depends on how close each race is. It cannot be ruled out that there will only be certainty about the final election outcome later this week.

The vote will be on the future composition of Congress, but also on dozens of governorships and offices at the state and local level, as well as numerous projects ranging from a tax on billionaires to abortion rights.

Bank of America has run through scenarios for the midterms. A divided Congress would therefore be the ideal result for Wall Street, says Markus Koch. On the forecast markets, Democratic majorities are considered likely.

Polls suggest Democrats could take the House majority from Republicans, while the Senate majority remains uncertain. The election will therefore determine how freely Trump can govern in the remaining two years of his presidency.