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The market was up at open Tuesday with all indices in the green. Approaching mid day, markets continue this trend but investors report all attention will be focused on mid term elections. Many investors anticipate Republicans will win the required seats to take control of the Senate. Investors report that a Republican majority may assist in boosting the economy by supporting business legislation. Attention today will focus on elections and shift to the Fed tomorrow. A highly anticipated two day meeting began today to determine what action the Fed will take to boost the economy. Economists predicted the Fed would roll out another round of quantitative easing as a measure to assist the sluggish economy, but recent reports have investors feeling anxious that the measures taken will not be as extensive as initially thought. The Fed is scheduled to release a statement Nov 3 to report their action plan. The Labor Department is expected to release it’s monthly jobs report on Friday, with an anticipated increase in jobs last month. At mid day the markets are all in the green. NASDAQ is up 19.78 points or 0.79% to 2,524.62. DJIA is up 67.47 points or 0.61% to 11,192.09. S&P 500 is up 7.95 points or 0.67% to 1,192.33. The dollar is down 0.0061 to the Euro $1.40. The Treasurys 10-year yield is down 0.03 to 2.6%. Crude oil is up 0.79 to $83.74 a barrel. Author: Pamela Frost
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