Stocks Rise as Traders Map Out Election Game Plan: Markets Wrap

Oct. 28, 2024, 3:41 PM UTC

Stocks rose at the start of the busiest week for corporate earnings, with traders also gearing up for the US election and key economic data that will set the stage for the next Federal Reserve decision.

All major groups in the S&P 500 advanced, with the exception of energy shares that joined a plunge in oil. Airlines rallied. Shares of cryptocurrency companies surged, with Bitcoin extending its October gains. Trump Media & Technology Group Corp. soared alongside the implied odds in betting markets like PolyMarket of Former President Donald Trump returning to the White House.

Wall Street juggles election, earnings and jobs.
Photographer: Yuki Iwamura/Bloomberg

A victory for Trump ...

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