CNBC: Midterms historically precede a strong S&P 500 year

What happened

CNBC reported Nov 2, 15:41 UTC that midterm elections historically precede a strong year for the S&P 500. The story was published with the headline Stock market after midterm elections: What S&P 500 history shows.

Its summary states Midterms historically precede a strong year for the S&P 500 and offers What to know if Democrats win back Congress.

Indices market context

At Nov 2, 17:00 UTC the desk's index ETFs were mostly higher from the prior close: the SPY ETF, which tracks the S&P 500, was $760.00 and rose 0.57%; the QQQ ETF, which tracks the Nasdaq 100, was $693.70 and rose 0.46%; the DIA ETF, which tracks the Dow Jones Industrial Average, was $522.67 and rose 1.07%; the IWM ETF, which tracks the Russell 2000, was $282.29 and rose 1.06%; the EWG ETF was $42.38 and rose 1.19%; the EWU ETF was $48.02 and rose 0.40%; the EWJ ETF was $93.56 and rose 0.70%; and the VIXY ETF was $17.59 and fell 4.45%. (Source: Finnhub.)

Related coverage

Yahoo ran multiple market pieces relating to S&P 500 moves and valuation on Nov 2: Stock Market: Will S&P 500 Open Up or Down Today? and Stock market today: Dow, S&P 500, Nasdaq futures recover from bruising sell-off ahead of busy week. Yahoo also published The S&P 500's Shiller P/E Is Above 40. History Says What Happened the Only Other Time.

• Stock market after midterm elections: What S&P 500 history shows — CNBC, Nov 2, 15:41 UTC
• Stock Market: Will S&P 500 Open Up or Down Today? — Yahoo, Nov 2, 05:47 UTC
• Stock market today: Dow, S&P 500, Nasdaq futures recover from bruising sell-off ahead of busy week — Yahoo, Nov 2, 09:18 UTC
• Stock Market Today: Dow Jones, S&P 500 Futures Rise Ahead of Apple, Palantir Earnings: RYAAY, USLM, INO in Focus — Yahoo, Nov 2, 13:15 UTC
• The S&P 500's Shiller P/E Is Above 40. History Says What Happened the Only Other Time. — Yahoo, Nov 2, 04:01 UTC

What to watch

Key scheduled data and policy events are due this week: the Job Openings and Labor Turnover Survey is scheduled Tue Nov 3, 15:00 UTC; the International trade balance (BEA/Census) is scheduled Wed Nov 4 (time not confirmed); Weekly jobless claims (DOL) is scheduled Thu Nov 5 (time not confirmed); the Bank of England rate decision and Monetary Policy Report is scheduled Thu Nov 5, 12:00 UTC; and Productivity and Costs is scheduled Thu Nov 5, 13:30 UTC.

• Tue Nov 3, 15:00 UTC — Job Openings and Labor Turnover Survey (US) (source)
• Wed Nov 4 (time not confirmed) — International trade balance (BEA/Census) (US) (source)
• Thu Nov 5 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
• Thu Nov 5, 12:00 UTC — Bank of England rate decision and Monetary Policy Report (GB) (source)
• Thu Nov 5, 13:30 UTC — Productivity and Costs (US) (source)

Sources and data

• CNBC (secondary source) — Stock market after midterm elections: What S&P 500 history shows
• Yahoo (secondary source) — Stock Market: Will S&P 500 Open Up or Down Today?
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• Federal Reserve (primary source) — calendar
• European Central Bank (euro reference rates) (primary source) — calendar

Market data as of Nov 2, 17:00 UTC; report generated Nov 2, 17:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.