The United States (US) stock market was steady on Tuesday as the country waited for the presidential election to begin.
The rivalry between Vice President Kamala Harris and former President Donald Trump has investors wondering who will be the next president and the impact on congress.
Changes in Congress can bring big changes in government spending and taxes.
In addition to the focus on the election this week, the Federal Reserve (Fed) is also the focus of investors, with an expected interest rate cut of 25 basis points to be implemented.
This is seen as a less aggressive move than the 0.50% cut at last September's meeting.
Looking at the major indexes at the beginning of the week yesterday, the Dow Jones has fallen 0.61%, the S&P 500 is down 0.28%, and the Nasdaq is down 0.33%.
Tech giants also felt the impact, with Tesla falling 2.5%, Amazon 1.1% and Meta 1.1%.
However, Palantir Technologies saw its shares jump more than 13% after positive quarterly earnings and favorable forecasts.
Meanwhile, NXP Semiconductor had a tough day, falling nearly 6% on concerns about the broader economy.
