Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Dow, S&P 500 and Nikkei 225 all calm as election day arrives

Indices have remained steady ahead of the US election, with the Dow and S&P 500 slightly higher in early trading.

Indices Source: Adobe images

​​​Dow pullback stalls

​The Dow Jones index has fallen back from its October record high, as investors engage in the traditional pre-election de-risking.

​Over recent days the pullback has come to rest around 41,800, though without any sign yet of sustained upside. This may change once the election is out of the way, if the result is known quickly. A close back above 42,000 might help to point to the beginning of a new leg higher.

Dow Jones chart Source: IG
Dow Jones chart Source: IG

​S&P 500 holds near 5700

​A smaller pullback here has taken the S&P 500 index back to 5700, with this line holding ahead of the election.

​As with the Dow, the longer-term trend is still intact, and the price could form a higher low and push higher once the election past. This would then target the recent highs just shy of 5900. Further declines would test the September high around 5650.

S&P 500 chart Source: IG
S&P 500 chart Source: IG

​Nikkei 225 steady as election day dawns

​A bounce during the final week of October was dealt a blow on Thursday as the price slumped back below 39,000.

​Since then however the Nikkei 225 index has recouped some of those losses, and has avoided any further downside. Losses have been halted above 38,000, setting up a possible push higher. A close back below 38,000 brings the late October low at 37,336 into view.

Nikkei 225 chart Source: IG
Nikkei 225 chart Source: IG

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.