US stocks rise as traders map out election game plan
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US stocks rose on Oct 29, 2024, as traders prepared for the US election and corporate earnings; S&P 500 gained 0.3%, Dow Jones up 0.6%, Russell 2000 climbed 1.6%; Trump Media & Technology Group Corp. surged 22% after Donald Trump's event; 38% of Bloomberg survey respondents expect equities to perform better under Trump; Lisa Shalett from Morgan Stanley noted increased market activity; Callie Cox from Ritholtz Wealth Management highlighted lack of volatility in October; major tech earnings and jobs data expected to influence markets; investors await results from firms representing 42% of S&P 500; bond yields rose to 4.27%; analysts predict market performance will depend on election outcome; Ed Yardeni warned of potential bond vigilantes; Apple Inc. launched new AI features; Boeing Co. announced a $19 billion share sale; Volkswagen AG plans factory closures and job cuts.
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