The New York market ended slightly lower ahead of the vote count in the U.S. midterm elections, with the Dow finishing about $197 lower than the previous day. Apple’s earnings outlook fell short of market expectations, which was cited as a factor.
The New York stock market ended lower ahead of the vote count in the U.S. midterm elections, with the Dow closing at $51,786.72, down $197.26 from the previous close. The market sold off following earnings reports from Apple and materials-related stocks.
Depending on the midterm election results, the outcome could affect the Japanese stock market and the yen, and attention is focused on how the Tokyo market will respond.
The Dow opened down $51.35 at $51,932.63 and ended about 1.90% below the previous close. Selling spread after Apple’s earnings outlook was revised downward, while AI-related stocks such as Nvidia supported the market.
Opinion polls show growing support for the Democratic Party, and concerns have been raised about declines in AI and semiconductor stocks as tighter AI regulation is discussed. On the other hand, regulatory concerns could recede if the Republican Party retains its majority.