US stocks advance as investors await midterm elections, inflation data

8 Nov 2022 , 10:58 AM

The Dow Jones Industrial Average advanced 423.78 points, or 1.3%, at 32,827. The S&P 500 gained 36.25 points, or 1%, at 3,806.80. The Nasdaq Composite rose 89.27 points, or 0.9%, at 10,564.52. Tuesdays midterm election will determine which party will control Congress, and affect the direction of future spending. Democrats currently control the House, and have a majority in the Senate. Focus this week will be on U.S. consumer prices data for October, due out on Thursday, for clues about how much the U.S. Federal Reserves rapid interest rate hikes are helping cool down the economy. Powered by Capital Market – Live News