Global markets slip, notch weekly loss on US election nerves; crude oil gains
Republican former President Donald Trump and Democratic Vice President Kamala Harris are polling neck-and-neck in crucial swing states ahead of the Nov. 5 election. Investors are anxious about a contested result roiling world markets and unleashing fresh geopolitical uncertainty.
The benchmark S&P 500 ended slightly lower and closed the week down nearly 1%, driven by losses in utilities and financials as well as gains in technology and communication-services stocks. Nasdaq finished the week higher.
The Dow Jones Industrial Average fell 0.61% to 42,114.40, the S&P 500 eased 0.03% to 5,808.12 and the Nasdaq Composite rose 0.56% to 18,518.61.
The European shares index ended down 0.03% after giving up gains in choppy trading and finished 1.2% lower for the week. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan closed lower by 0.02% but dropped nearly 2% for the week.
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