Stocks Retreat on Election Talk
November 3, 2004 | New York TimesStocks retreated in late trading Tuesday amid speculation that surveys of voters leaving the polls were showing Senator John Kerry ahead in the presidential election. The Standard & Poor's 500-stock index erased most of its advance and the Dow Jones industrial average snapped a five-day rally. Mr. Kerry led Mr. Bush by 18.1 percentage points in trading on the IOWA ELECTRONIC MARKETS, a nonprofit political betting system run by the University of Iowa, as of 4 p.m. New York time. Two hours earlier, Mr. Bush had a 3.8 percentage point advantage over Mr. Kerry in the Iowa market. The article originally appeared on BLOOMBERG NEWS.
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