By Francisco Rodriguez-Castro on November 2, 2020
Stock markets recovered slightly from sharp losses last week. Analysts believe gains in the Dow and S&P 500 are due to an expected uncontested election. Former Vice President Joe Biden holds a 10% lead over President Donald Trump according to Sunday’s NBC News / Wall Street poll.
The market is coming off its worst week since March 20 as coronavirus cases emerge, federal stimulus negotiations fell apart and shares of some tech companies slumped following third-quarter earnings reports.
Results for Nov. 2:
• The Dow Jones Industrial Average closed at 26,925.05, up 423.45 points, or 1.6%.
• The Standard & Poor’s 500 closed at 3,310.24, up 40.28 points, or 1.23%.
• The Nasdaq Composite Index closed at 10,957.61, up 46.02 points, or 0.42%.
• The Birling Puerto Rico Stock Index closed at 1,621.36, down 11.02 points, or 0.68%.
• The US Treasury 10-year note closed at 0.87%.
• The US Treasury 2-year note closed at 0.16%.