Morning Market Stir: Election Catalyst Spurring Renewed Strength in Equities

Wednesday, November 5 – Alan Knuckman reports from the floor of the CME Group in Chicago where equities finished mixed on Election Day yesterday. The S&P closed down at 2,005.5, with the Dow up at 17,305, and the Nasdaq down to 4,143. The dollar pulled back to 87.09, with the Euro bouncing to 1.2560. Bonds went nowhere, finishing at 141'08. Crude fell once again, hitting new multi-year lows at 77.60, with gold closing at 1,168. This morning, equities are strong following the Election results last night. The dollar is hitting new highs this morning, while the Euro cannot find respite. The bond market is still hovering around 141, with crude not doing much, and gold is getting hammered, finding new lows as the dollar surges.