The daily business briefing: November 2, 2016

Election uncertainty weighs on markets, open enrollment begins for ObamaCare, and more

A sign advertising ObamaCare sign-ups
(Image credit: Getty Images)

1. Markets spooked by uncertainty ahead of presidential election

Global stocks and oil prices fell early Wednesday, after U.S. stocks lost ground on Tuesday as uncertainty increased ahead of next week's presidential election. Democrat Hillary Clinton's lead has narrowed in the final days of campaigning, with her Republican rival, Donald Trump, even edging narrowly ahead in one national poll. Clinton would be expected to largely stay the course on the economy, while Trump has spoken out against existing trade deals. "There is concern over Trump being unexpected, because the market has really priced in a Clinton win and it hasn't priced in a Trump win at all," said Ken Polcari, director of the NYSE floor division at O'Neil Securities.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.