US Stocks Fall As Election Angst Overshadows Fed

US stocks fall as election angst overshadows Fed

NEW YORK, (Pakistan Point News - APP - 03rd Nov, 2016 ) - Wall Street stocks finished lower Wednesday as anxiety over Republican Donald Trump's move higher in presidential election polls pressured markets. Energy shares dropped after a record build in US oil inventories, while Amazon and Google parent Alphabet were among the weak links in technology. Markets meanwhile shrugged off the expected decision by the Federal Reserve to keep interest rates unchanged, with December now in focus for an increase. At the closing bell, the Dow Jones Industrial Average stood at 17,962.52, down 0.4 percent. The broad-based S&P 500 dropped 0.7 percent to 2,098.06, while the tech-rich Nasdaq Composite Index fell 0.9 percent to 5,106.11.