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.
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.
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.
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.
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