Dow Jones Industrial Average Today Plunges On Election Speculation

The Dow Jones Industrial Average fell sharply on Tuesday as investors remain skittish on the outcome of next week’s presidential election.

Over the last few days, the markets seemed to be in a holding pattern ahead of next Tuesday’s national vote. However, recent developments in the FBI’s investigation of Hillary Clinton’s private email server have narrowed the polls. According to The Guardian, there are as many as five different active investigations into the inner circle of the Clinton campaign, one that now includes disgraced former Congressman Anthony Weiner, the estranged husband of Clinton’s aide, Huma Abedin.

The S&P 500 briefly slipped below 2,100 thanks to a large slump in Apple Inc. (Nasdaq: AAPL) stock. Shares of AAPL fell more than 2.1% as investors grow increasingly concerned about the company’s sales in China. Money Morning Global Credit Strategist Michael Lewitt explains that the S&P 500 hit his price target early by 11 months. Now, Lewitt outlines his next forecast for the markets, right here.

Let’s look at the final numbers on Tuesday for the Dow, S&P 500, and Nasdaq:

Dow Jones: 18,037.17; -105.25; -0.58%

S&P 500: 2,111.72; -14.43; -0.68%

Nasdaq: 5,153.58; -35.56; -0.69%

Now, here’s a look at today’s most important market events and stocks, plus a preview of Wednesday’s economic calendar.

DJIA Today: Markets Slide on Prospect of President Trump

The Dow Jones dropped 105 points with election 2016 in focus. Volatility surged on Tuesday as increasing uncertainty about Tuesday’s vote has the markets spooked. The CBOE Volatility Index (VIX) – commonly referred to as the markets’ fear gauge – surged 13.4% to 19.3.

This morning, the Federal Reserve kicked off its penultimate meeting on monetary policy. Markets do not expect the Fed Open Market Committee to raise interest rates; however, the markets have placed the odds of a rate hike in December at nearly 74%. Even though no rate hike will likely come before the election, the November FOMC meeting will generate a lot of headlines and affect your investments.