Global Stocks Trade Lower as US Presidential Election Nears
Global stocks and U.S. futures traded lower this morning as everyone waits for the results of Tuesday’s U.S. presidential election, and whether Washington and Europe will deliver more economic stimulus.
Shares in London and Frankfurt opened lower as Tokyo, Hong Kong and Seoul also fell. And after a mixed trading day in Shanghai, benchmarks ended the day lower.
However, U.S. jobless claims released Thursday showed the amount of workers applying for unemployment benefits fell to 751,000 — slightly below last week’s 791,000 claims.
But that still isn’t great, and I’ll show you why…
In today’s video, I have more on why lower unemployment numbers are not driving the stock market higher… what is driving the market right now… stocks making new highs… and my top two stocks that are set to rise.
The stock market is on pins and needles as investors wait to see who wins the upcoming presidential race.
That’s why you need a “rainy day” fund you can tap into… especially if stocks go into freefall once all the votes have been counted.
Don’t wait until after Nov. 3 to build your election protection plan.
Start earning extra income today and safeguard your portfolio — no matter what happens on election night.
