Inventories increase slightly as US mid-term elections begin

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Voters are lining up to vote before the ballot box opens in Miami's November 6, 2018 mid-term elections.

Democrats led 7 points ahead of vote, according to a NBC News / Wall Street Journal poll released Sunday. Data released on Monday show that more than 35 million people have already voted in advance, indicating a record participation rate for the mid-term sessions in 2018. In 2014, fewer than 20 million advance votes were counted on day before mid-term.

"With absolutely nothing in the macro calendar today and the Fed having not planned to make its rate decision on Thursday, investors have several hours to focus on the mid-term elections," he said. said Jeremy Klein, chief markets strategist at FBN Securities,.

"These bulls are worried that the GOP will lose power in both Capitol Hill chambers.While stocks would stumble a bit after this unexpected outcome, this drop would represent a chance buying opportunity," Klein said.

Stocks have been volatile lately, with election concerns combined with fears of rate hikes and the potential slowdown in earnings growth have discouraged investors. The Cboe volatility index, widely regarded as the best indicator of market fear, has risen more than 60% since the beginning of the fourth quarter.

-CNBC & # 39; s
Ryan Browne
contributed to this report.