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Upward trend on the New York Stock Exchange

The New York Stock Exchange closed on Tuesday with a plus – at the same time as the Americans go to the polls.

» Updated: 05 November 2024, 22:51

» Published: 05 November 2024

Upward trend on the New York Stock Exchange
Photo: Peter Morgan/AP/TT

Already in the initial trading, all three leading indexes rose, and at the close, Nasdaq's composite index advanced 1.4 percent, while the Dow Jones industrial index was up 1.0 percent and the broad S&P 500 rose 1.2 percent.

The media company Trump Media & Technology, majority-owned by presidential candidate Donald Trump, ultimately landed at minus 1.2 percent – after having risen as much as 18 percent during the day. The company was halted several times after the stock suddenly began to fall. Among many, the stock's development has been seen as an indicator of how Trump will fare in the presidential election.

Electric car manufacturer Tesla rose 3.5 percent. According to CNBC, both a Republican and Democratic election victory could benefit the company.

Among other individual companies, a sharp decline in the stock price of casino company Wynn Resorts stood out after a weak quarterly report. The company, which operates casinos in, among other places, Las Vegas, fell 9.3 percent.

Aircraft manufacturer Boeing fell 2.6 percent after the seven-week-long major strike ended and a new wage agreement was reached.

Correction: In an earlier version of the article, the incorrect stock price for Trump's company was stated.

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By TTThis article has been altered and translated by Sweden Herald

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