News & Events

Stocks Retreat on Election Talk

Stocks 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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