U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world. The S&P 500 slipped 0.3%, though it remains near its record set last month.

While a path toward the 270 Electoral College votes needed to take the White House remained in reach for both U.S. presidential candidates Tuesday, a rally in Dow futures and selloff in U.S. government debt indicated market participants were prepared for a victory by Republican Donald Trump.

Analysts predicted choppy markets going into the presidential election on Tuesday, but emphasized the US economy's growth and fundamentals.

A slew of trades around the world tied to Donald Trump’s rising presidential prospects notched decisive moves, with stock futures extending gains, Treasury yields jumping and the dollar up the most since February 2023.

The Dow Jones Industrial Average surged more than 1,300 points in early trading Wednesday as investors registered enthusiasm for a second Donald Trump presidency. The Nasdaq and S&P 500 were both up more modestly,

Trump’s proposal to reduce the corporate tax rate for domestic production from 21 per cent to 15 per cent could benefit IT services demand by alleviating budgetary constraints for US firms.