Major US stock indices showed mixed dynamics: the Dow and S & P 500 grew moderately, while the high-tech Nasdaq closed the session in the red against the background of falling stocks of companies in the technology sector.

Investors were also preparing for the upcoming midterm elections to the US Congress, which will be held on November 6. Tomorrow, US voters will go to the polls, the results of which may have a significant impact on capital markets. It is expected that following the results of the elections, the Democrats will be able to regain control of the House of Representatives, while the Republicans will retain a small majority in the Senate. This result is seen largely as positive.

In addition, the focus was on US data. As it became known, the US service sector showed a strong expansion in business activity in October. Growth rates recovered from the weakness caused by the September weather, but were also supported by a sharp increase in new orders. The seasonally adjusted final index of business activity in the services sector from IHS Markit was 54.8 in October, compared with 53.5 in September and preliminary reading of 54.7.

However, the index of business activity in the US service sector, calculated by the Institute for Supply Management (ISM), fell in October to 60.3 points compared to 61.6 points in September. Analysts predicted that the index will fall to 59.3 points.

Most of the components of DOW finished trading in positive territory (26 out of 30). The growth leader was the shares of International Business Machines Corporation (IBM, + 3.82%). Apple Inc.’s shares turned out to be an outsider. (AAPL, -2.96%).

Most of the S & P sectors have shown a boost. The base materials sector grew the most (+ 1.4%). The largest decline was shown by the conglomerate sector (-0.7%)

At the time of closing:

Index

Dow 25,461.70 +190.87 +0.76%

S & P 500 2,738.31 +15.25 +0.56%

Nasdaq 100 7,328.85 -28.14 -0.38%