The Dow Jones Industrial Average moved higher as Americans voted on Election Day. A number of so-called "Republican stocks" made gains, though the Donald Trump SPAC Digital World Acquisition (DWAC) fell. Coinbase (COIN) and Riot Blockchain (RIOT) plunged while Bitcoin undercut June's bear-market low after Binance moved to buy the FTX crypto exchange.
A number of stocks tested buy points amid the broadly bullish action, including Albemarle (ALB), BJ's Wholesale Club (BJ) and Fabrinet (FN).
Volume was up on both the Nasdaq and the New York Stock Exchange according to early data. This is a positive on an up day.
The yield on the benchmark 10-year Treasury note fell seven basis points to 4.14%. West Texas Intermediate crude oil slipped nearly 3% to trade at just over $89 per barrel.
Source : finance.yahoo.com/m/3dba095d-baf7-31c4-b352-1484d11eb6a9/dow-jones-up-on-election-day-.html undefined - November 08, 2022