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Stocks rise slightly as the US mid-term starts

Democrats led a 7 point advantage before the vote, according to an NBC News / Wall Street Journal poll published…

Democrats led a 7 point advantage before the vote, according to an NBC News / Wall Street Journal poll published Sunday. Data released on Monday showed that more than 35 million people already voted in early voting, indicating a record rise for 2018 midterms. In 2014, less than 20 million early votes were counted the day before the middle.

“With absolutely nothing on the macro calendar today and the Fed plan is not scheduled to deliver its course decision on Thursday, investors have the next few hours to focus on mid-term elections,” says Jeremy Klein, Marketing Manager at FBN Securities.

“These headlines are worried about the GOP’s losing power in both Capitol Hill chambers. While the shares would trip a little in the immediate aftermath of this unexpected result, the dip would present a devastating buying opportunity,” noted Klein.

The stock has recently been volatile as concerns over the election, coupled with fear of rising interest rates and a potential slowdown in earnings performance, has put investors on edge. The CBOE Volatility Index, which is generally considered to be the best meter of fear in the market, has increased more than 60 percent since the beginning of the fourth quarter.

-CNBCs
Ryan Browne
contributed to this report.

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