Dow futures fell more than 100 points, indicating that Wall Street will be lower today. which is the last trading day of October.
At 7:51 pm Thai time, the Dow Jones Industrial Average fell 173 points or 0.53% to 32,723 points.
However, even the Dow Jones index fell today. But it has jumped 14.4% since the beginning of October. This will give the Dow its biggest jump this month since 1976, while the S&P 500 and Nasdaq also continued their October gains. And it will cause Wall Street stocks to rise this month. After falling for 2 months in a row
Investors are keeping an eye on the Federal Reserve (Fed) monetary policy meeting this week, with the Fed expected to raise interest rates by 0.75% at its November 1-2 meeting and only 0.50% at the December meeting. After the release of the personal consumption expenditure price index (PCE), which shows that US inflation has passed its peak.
If the Fed raises interest rates by 0.75% in November, it would cause the Fed to raise interest rates by 0.75% four times in a row after raising 0.75% in June, July and September.
In addition, investors are keeping an eye on the US midterm elections. It will be held on November 8, which will affect the political balance of power in Congress. and if Republicans win over Democrats it will make it harder to pass President Joe Biden’s economic stimulus package. Amid a slump in President Biden’s popularity
Although it is not until November 8, the United States has now opened early voting for the mid-term elections. President Biden exercised his right to cast his vote in Delaware. which is his birthplace last saturday
