Elections may have a huge impact on stocks

The biggest near-term threat to stocks is from the outside possibility that neither Donald Trump nor Hillary Clinton emerges a clear winner tonight.

Tightening polls in key states mean it is a possibility that can’t be ignored.

The 2000 Presidential Election wasn’t decided until mid-December and the S and P 500 fell 8 point 4 percent from election day until that time.

Voters in four states will consider ballot initiatives to raise the minimum wage.

In Arizona, Colorado and Maine, state hourly minimums would rise to $12 by 2020 from a range of $7.50 to $8.31.

In Washington, the pay floor would climb from $9.47 to $13.50 over the next four years. Polls in the four states generally show solid majorities supporting the measures.

The Dow jumps 371 points after FBI says it won’t charge Clinton.

However, several analysts cautioned that investors shouldn’t grow too confident, recalling how Britain’s June referendum on European union membership caught many off guard.

Toys R Us is once again opening its doors at 5 pm local time on Thanksgiving Day, and will keep those doors open for 30 hours in a row.

Doors will be open through 11 P.M. Local time on Friday, November 25th.

The chain is also offering free store pickup when they buy toys online, as well as free layaway, and free shipping for online purchases of $19 or more.

PetSmart is rolling out a redesigned, mobile-friendly website offering same-day, scheduled deliveries.

The changes are designed to make it easier to order the sort of regular pet staples that shoppers need, like food, over-the-counter medicines, grooming supplies, litter and bedding, toys, treats, and more.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.

Categories: Daybreak, Morning Business Report

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