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It was not a very positive end to the month for the US stock markets last night, but not one that should exactly come as a surprise, given the record gains over the past 4-5 weeks and the proximity of the US election. As stated, this was surely more about taking money off the table for the month-end, ahead of the election next Tuesday. So, all three major indexes fell and the losses were led by the Nasdaq 100, which closed 2.44% lower. Next came the S+P 500, with 1.86% fall and the Dow Jones performed best of all, with a 0.90% fall, closing at 41,763. All three index futures are in the green this morning, but that might change. Of course we have important data releases later today- the monthly jobs report at 12.30pm GMT and the ISM manufacturing index, at 2pm GMT. However, unless there are any really major surprises in any of that data it is not clear the market will react in the more usual way, given the more important event next week. We shall have to see on that, when all this data emerges this afternoon. There will be more to add on what is expected later this morning. Meantime, the best of the bunch yesterday- the Dow Jones is priced to open a little higher, right now at around 41,885
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