Stock futures inch lower as Wall Street readies for U.S. presidential election: Live updates

Stock futures dipped successful overnight trading Sunday arsenic investors geared up for the highly-anticipated U.S. statesmanlike election.

Futures connected to the Dow Jones Industrial Average mislaid 0.2%, oregon 90 points. S&P 500 futures and Nasdsq-100 futures edged lower.

Stocks are coming disconnected a beardown commencement to November, with Amazon and large exertion stocks boosting the tech-heavy Nasdaq Composite and S&P 500- 0.8% and 0.4%, respectively. The Dow Jones Industrial Average added astir 289 points, oregon astir 0.7%.

Tuesday's predetermination results — which could pb to a divided oregon agreed authorities —could play a pivotal relation successful wherever stocks decorativeness disconnected the year. The latest canvass signifier NBC News shows a "deadlocked race" betwixt erstwhile President Donald Trump and Vice President Kamala Harris.

However, overmuch of marketplace aftershocks whitethorn hinge much heavy connected which enactment takes power of Congress. If power of the U.S. House of Representatives and Senate is divided, it would apt mean a maintaining of the presumption quo. A Republican oregon Democratic sweep, however, would apt beryllium coupled with a White House triumph for the aforesaid party, and could mean caller spending plans oregon a taxation overhaul.

Some connected Wall Street presumption the predetermination arsenic a cardinal obstacle markets request to flooded to rally into year-end, with CFRA Research's Sam Stovall noting that according to information since 1944, a prematurely beardown show successful predetermination years often translates to "further improvement" successful November and December.

"I deliberation we person immoderate volatility into adjacent week," she told CNBC's "Closing Bell" connected Friday. "We've got a batch going on, but I deliberation that erstwhile we get done it, we rally successful November and December."

Along with the election, Wall Street is bracing for the latest complaint determination from the Federal Reserve. Traders are pricing successful a 96% accidental of a complaint chopped astatine the decision of the cardinal bank's argumentation meeting, according to CME Group's FedWatch tool. It would travel a supersize 50 ground constituent determination successful September.

Greater absorption volition hinge connected commentary from Fed Chair Jerome Powell pursuing the meeting, arsenic Wall Street hunts for much penetration into the cardinal bank's complaint moves from here.

Earnings seasons presses connected with astir a 5th of the S&P 500 slated to study successful the coming week. About 70% of companies that person already reported results person surpassed estimates, according to FactSet data. Super Micro Computer, Moderna, CVS Health, Qualcomm and Wynn Resorts are among the companies reporting successful the coming days.

— CNBC's Sarah Min contributed reporting