Stocks in Europe and on Wall Street fall on Wednesday, November 9, as the outcome of the US midterm elections remains unclear.
NEW YORK, USA – US stocks fell sharply and the dollar rose on Wednesday, November 9, as investors awaited both the results of the US midterm elections and key data on consumer prices that could impactA deal for major cryptocurrency exchange FTX collapsed late in the session as bigger rival Binance said it was pulling out, news that heightened concerns about the sector’s stability.
Average annual S&P 500 returns have been 14% in a split Congress and 13% in a Republican-controlled Congress under a Democratic president, according to data since 1932 analyzed by RBC Capital Markets. That compares with 10% when Democrats controlled both the presidency and Congress. On Wall Street, the Dow Jones Industrial Average fell 1.95%, the S&P 500 slid 2.08%, and the Nasdaq Composite dropped 2.48%.
Investors cheered Meta’s decision to reduce spending, but a weak advertising market for the company points to a difficult economic outlook as the Fed hikes rates to tame high inflation. “Clearly investors are hoping that the rate of inflation begins to roll over, and if that does not happen, I do think that causes some additional volatility in markets,” Arone said.
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Wall Street ends higher as investors eye U.S. midtermsWall Street ended higher on Tuesday during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes. | Reuters
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Wall Street climbs ahead of US polls, inflation data - BusinessMirrorNEW YORK—Stocks rose Monday on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market. The S&P 500 rose 1 percent, while the Dow Jones Industrial Average
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Asian stocks mixed as caution reigns ahead of U.S. midtermsAsian shares held recent gains but lost momentum as investors remained cautious ahead of the release of the U.S. inflation data and mid-term elections, which will determine control of Congress. | Reuters
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DOT promotes PH to Europe marketThe Department of Tourism (DOT) has engaged with foreign tourism stakeholders at the 2022 World Travel Market (WTM) in London to promote travel in the Philippines.
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IN PHOTOS: Mikee Quintos and Paul Salas travel to EuropeCelebrity couple Mikee Quintos and Paul Salas are having a great time exploring the 'City of Love' Paris and some other cities in Europe together. This trip is memorable for the two for this is their first European trip together after a long time since they started dating. On Instagram, Mikee and Paul shared some snaps of their sweet moments during their much-awaited vacation. See more of their 'kilig' snaps in Europe here:
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IN PHOTOS: Mikee Quintos's Europe tripSeveral Kapuso stars have been spending their vacations abroad recently, including 'Mano Po Legacy: The Flower Sisters' star Mikee Quintos. The actress is currently in Europe for a well-deserved break and has previously shared photos of her enjoying the picturesque Amsterdam with her family. Mikee shared several snaps of her and her Kapuso partner, Paul Salas, touring around the “City of Love.” Paul likewise posted an Instagram reel of their Paris trip. Have a look at Mikee's Europe trip in this gallery:
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