Today, November 7, stocks rose before tomorrow’s mid-term elections.
The Standard & Poor’s 500 gained 0.96%. The Dow Jones Industrial Average closed higher by 1.31%. The NASDAQ Composite rose 0.85% and the NASDAQ 100 added 1.11%. The small-cap Russell 2000 advanced 0.55%.
Over on the bond side, the movement was in the opposite direction with bond prices falling and yields climbing.
The yield on the 10-Year Treasury rose to 4.21%, a gain of 6 basis points. The yield on the 30-year Treasury climbed to 4.32% from Friday’s 4.25%. The yield on the 5-Year Treasury moved up to 4.39% from Friday’s 4.33%. And the 2-Year Treasury closed with a yield of 4.72%, up from 4.66% on Friday.
The CBOE S&P 500 Volatility Index (VIX), the “fear index,” dropped 0.81 to 24.35%.