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US stocks open mixed ahead of midterm election

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NEW YORK, Feb. 5, 2018 (Xinhua) -- An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States, on Feb. 5, 2018. U.S. stocks closed sharply lower on Monday, with the Dow plummeting 4.60 percent, as the market took a heavy hit from panic sales. (Xinhua/Wang Ying/IANS) by .
An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States

US stocks opened mixed as investors got ready for the upcoming midterm elections…reports Asian Lite News

NEW YORK, Feb. 5, 2018 (Xinhua) -- An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States, on Feb. 5, 2018. U.S. stocks closed sharply lower on Monday, with the Dow plummeting 4.60 percent, as the market took a heavy hit from panic sales. (Xinhua/Wang Ying/IANS) by .
An electronic screen displaying trading data is seen at the New York Stock Exchange in New York, the United States

The Dow Jones Industrial Average gained 61.56 points, or 0.24 per cent, to 25,332.39. The S&P 500 was up 5.4 points, or 0.20 per cent, to 2,728.46.

The Nasdaq Composite Index fell 27.25 points, or 0.37 per cent, to 7,329.75.

US voters will head to the polls on Tuesday and the results of the country’s midterm elections can send ripples throughout capital markets. Democrats are largely expected to regain control of the House while Republicans may maintain a grip on the Senate.

Apple shares dipped more than 3 per cent in early trading on Monday. The decline comes after Rosenblatt Securities downgraded apple amid expectations of lower iPhone sales.

On the economic front, the ISM non-manufacturing index hit 60.3 per cent, higher than analysts’ expectations.