U.S. Stocks Climb in Thin Volume as Americans Vote: Markets Wrap

Trading volume light with congressional elections in focus
Financial markets in holding pattern, dollar slightly weaker

Bloomberg Opinion columnist Mohamed El-Erian examines the various potential outcomes of the U.S. midterm election.Source: Bloomberg

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By Randall Jensen and Vildana Hajric

November 5, 2018 at 9:53 PM UTC

Updated on

November 6, 2018 at 9:03 PM UTC

This article is for subscribers only.

Caution prevailed in financial markets Tuesday, with few standout moves as investors braced for any fallout from the American midterm elections, particularly congressional races seen as a referendum on the policies of President Donald Trump.

U.S. stocks rose, with materials companies the best performers. Shares came off their highs of the day in afternoon trading as the biggest technology names pared gains. Two-year Treasury yields rose to the highest since 2008.