US Stocks Set For Cautious Start As Investors Brace For Volatility On Election Day: Expert Points To 'Pretty Well Overall' Historical Performance

U.S. stocks could open on a tentative note on Tuesday after the averages registered a mixed October. Futures of all three major indices were slightly up on Tuesday, pointing to a cautious sentiment on Wall Street.

While the S&P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains to round off a volatile October.

America goes to polls on Tuesday to elect its 47th president, and data so far suggests that it will be a neck-to-neck race between Democratic candidate Kamala Harris and Republican nominee Donald Trump.

Another factor playing on investors' minds will be the Federal Open Market Committee's (FOMC) rate decision, the prevailing sentiment is that the Fed will deliver a 25-basis point cut.

Futures

Performance (+/-)

Nasdaq 100

0.27%

S&P 500

0.16%

Dow Jones

0.12%

R2K

0.05%

In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.16% to $570.71 and the Invesco QQQ ETF (NASDAQ:QQQ) edged up by 0.25% to $487.24, according to Benzinga Pro data.

Cues From Last Session:

The Dow Jones tumbled over 250 points on Monday, closing the day down by 0.61%. The other two averages also declined amid declining investor sentiment and rising fear in the market.

Oil prices continued to rebound after tanking the week before, amid delays in production output increase by the Organization of the Petroleum Exporting Countries, or OPEC.

Treasury ...