How major US stock indexes fared Monday 11/7/2022

Stocks rose on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market.

The S&P 500 rose 1%, while the Dow Jones Industrial Average gained 1.3% and the Nasdaq composite added 0.9%.

Analysts say many investors seem to be making bets that Republicans will take control of at least one house of Congress. With a divided government, gridlock is more likely than big, sweeping policy changes that could upend tax and spending plans.

On Monday:

The S&P 500 rose 36.25 points, or 1%, to 3,806.80.

The Dow Jones Industrial Average rose 423.78 points, or 1.3%, to 32,827.

The Nasdaq rose 89.27 points, or 0.9%, to 10,564.52.

The Russell 2000 index of smaller companies rose 9.94 points, or 0.6%, to 1,809.81.

For the year:

The S&P 500 is down 959.38 points, or 20.1%.

The Dow is down 3,511.30 points, or 9.7%.

The Nasdaq is down 5,080.45 points, or 32.5%.

The Russell 2000 is down 435.50 points, or 19.4%.