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U.S. stocks open lower on Election Day

Xinhua, November 8, 2016 Adjust font size:

U.S. stocks opened lower Tuesday after previous day's solid gains, as voters head to the polls in a presidential election.

On Monday, U.S. stocks rebounded strongly, with both the S&P 500 and the Nasdaq Composite Index snapping a nine-day losing streak after the FBI again cleared Democratic presidential nominee Hillary Clinton over her use of a private email server. All three major indices surged over 2 percent.

FBI Directer James Comey on Sunday informed the U.S. House members that FBI has not changed its July advice not to charge Democratic presidential nominee Hillary Clinton over her use of personal email server during her stay in the State Department.

Seven voters casted their ballots at the stroke of midnight in Dixville Notch, a tiny town in the northeastern corner of the U.S. state of New Hampshire, kicking off the U.S. presidential elections on Tuesday.

Investors are eagerly awaiting the outcome of the presidential race. Financial markets in general view a Clinton win as the better outcome in Tuesday's election, as it presents fewer unknowns and possibly more stability for markets than a victory for her Republican rival Donald Trump.

There is no major economic report due Tuesday.

Shortly after the opening bell, the Dow Jones Industrial Average fell 20.00 points, or 0.11 percent, to 18,239.60. The S&P 500 lost 3.76 points, or 0.18 percent, to 2,127.76. The Nasdaq Composite Index was down 9.83 points, or 0.19 percent, to 5,156.34. Endi