Wall Street Today: US Stocks Mixed Ahead of Presidential Election, Nvidia Up 1.7%

US stocks were mixed on Monday ahead of Tuesday’s presidential election and the Federal Reserve’s expected rate cut decision later this week.

The S&P 500 fell 0.1 percent as of 1:57 p.m. ET. The Dow Jones Industrial Average fell 0.5 percent and the Nasdaq Composite Index rose 0.1 percent.

As of 10:30 a.m. ET, the S&P 500 was up 0.1%. The Dow Jones Industrial Average fell 0.3% and the Nasdaq Composite Index rose 0.1%.

At the opening bell, the Dow Jones Industrial Average fell 53.32 points, or 0.13 percent, to 41,998.87. The S&P 500 fell 0.67 points to 5,728.13 and the Nasdaq Composite fell 42.32 points, or 0.23%, to 18,197.59.

IN US presidential race from the White House – Democratic candidate Kamala Harris and Republican opponent Donald Trump remain virtually tied in opinion polls ahead of Election Day on Tuesday.

The latest poll shows Kamala Harris leading in Iowa.

The US Federal Reserve is also expected to cut interest rates later this week.

Shares of Marriott International fell 2.2% after reporting weaker-than-expected quarterly profit.

Fox shares rose 5.3% after the media giant reported higher third-quarter earnings.

Nvidia shares rose 1.7% as demand for its chips surged.

In the bond market, the yield on the 10-year Treasury note fell to 4.27% from 4.38% late Friday.

US dollar

The US dollar fell on Monday as investors remained cautious ahead of the US presidential election.

The dollar fell against a host of European and Asian currencies, losing 0.6 percent against the euro to $1.090 and 1 percent against the Japanese yen at 151.62.

Crude oil

Oil prices rose on Monday after OPEC said it would delay a planned production increase in December by one month.

Brent futures rose 2.8% to $75.19. American West Texas Intermediate (WTI) crude oil rose 3% to $71.64.

ingot

Gold prices were little changed on Monday, with spot gold at $2,740.69 an ounce at 1237 GMT. US gold futures were unchanged at $2,749.80.

Spot silver rose 1.1% to $32.79 an ounce after hitting a more than two-week low of $32.26.