The United States (US) stock market fell as investor vigilance grew ahead of the US presidential election event that will take place this week.
This election is very important because the results can affect the market movement for the rest of the year.
Polls show no clear winner between former President Donald Trump and Vice President Kamala Harris, causing investors to pay attention not only to the presidency, but also to which party might control Congress.
Historically, November and December often bring positive momentum for stocks, especially if the market is strong ahead of an election.
However, this year, additional uncertainty comes from the anticipation of the Federal Reserve's (Fed) decision on their latest interest rates.
The Fed is expected to continue policy easing but with a smaller rate cut of 0.25%, after an aggressive 0.5% reduction last September.
Meanwhile, major earnings reports are expected from major companies such as SMCI, biotech company Moderna, CVS Health, chipmaker Qualcomm, and entertainment group Wynn Resorts.
These reports will give investors a clearer view of the performance of various sectors.
