U.S. equities fell on Tuesday, the first trading day of November, after the release of mixed economic data.
Earnings have been better than expected, but S&P 500 and DJIA fell on Tuesday as recent election news. The Markit manufacturing PMI rose to 53.4, from 51,5 in September. The ISM manufacturing index for October met expectations at 51.9, while construction spending data for September missed consensus.
"Trump's chances of being elected president increased, after FBI director James Comey announced fresh inquiries into Clinton’s potentially illegal use of a private email server”, said Marius Ghisea, president and CEO of MS Capital Consulting.
Investors have been keeping a close eye on economic data, as they assess the likelihood of the Federal Reserve tightening monetary policy. The Fed scheduled a two-day meeting for announcing its latest decision on monetary policy.