Morning Report 6 Nov 24: Stocks rise, Treasuries mixed as markets brace for US vote

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US sharemarkets rose on Tuesday in a broad rally, but investors still braced for volatile trading as voting began in a tightly contested US presidential election. The VIX, an index of Wall Street volatility, eased to 20.8 points, well below levels seen during the 2020 election and the two-month high it hit last week. Megacap growth stocks gained, with Tesla rising 3.5% and Nvidia up 2.9%, while the economically sensitive small caps Russell 2000 index rose 1.7%. Palantir Technologies soared 23.5% to a record high after the data analytics firm raised its annual revenue forecast for the third time. Shares of Archer-Daniels-Midland slumped 6.0% after the food processor's third quarter and full-year earnings outlook missed analysts' estimates. Shares of Boeing, which had risen in premarket trade following the end of a prolonged workers' strike, fell 2.6% in choppy trade. At the close of trade on Wall Street, the Dow Jones index rose, the S&P 500 index and the Nasdaq rose.