Good afternoon. Today’s points:
- Market watch
- Sisterhood of the traveling pantsuit
- Pre-Election Day quick points
To the markets we go
With the stock market rocketing upward Monday – closing more than 370 points higher – after a week of declines in the Dow Jones Industrial Average and nine straight dips in the S&P 500, lots of media attention is focusing on the historical market moves the day before Election Day.
But what matters now to the savvy investor is what history tells us about market moves on Election Day itself.
In the past 10 presidential Election Days, the biggest increase in the Dow average came on Nov. 4, 2008 (thanks, Barack Obama!), when the average shot up 297 points, or just under 3 percent. The biggest decline came on Nov. 2, 1976, when the market dropped 10 points, or just over 1 percent. (Er, thanks, Jimmy Carter?) On average, the Dow average dropped 0.61% on Election Day the past 10 elections.
Below are the market moves of the Dow average on the past 10 presidential election days:
- Nov. 6, 2012: +1.01%
- Nov. 4, 2008: +3.18%
- Nov. 2, 2004: -0.18%
- Nov. 7, 2000: -0.23%
- Nov. 5, 1996: +0.66%
- Nov. 3, 1992: -0.30%
- Nov. 8, 1988: +0.14%
- Nov. 6, 1984: +1.22%
- Nov. 4, 1980: +1.67%
- Nov. 2, 1976: -1.03%
Power of the pantsuit
Hillary Clinton supporters are turning these days before the election into performance art. Lady Gaga is wearing a suffragette-inspired outfit, Beyoncé donned a pantsuit, and others are sporting white, purple and gold to go to the polls in honor of suffragettes.
The pantsuit itself is for many a symbol of defying gender norms — of women in a man’s world. And many are choosing to make a fashion statement at the polls Tuesday, too.
The hashtag #wearwhitetovote has taken off on Twitter as voters plan to wear white in solidarity with suffragettes of yesteryear, and with Clinton today. But there’ll be others in pantsuits of all colors.
A secret Facebook group that’s not so secret anymore, Pantsuit Nation, has gathered more than 1.8 million members — women and men who share pro-Clinton sentiments and plan to wear pantsuits when they vote. And here above, a pantsuited flash mob of 170 dancers rocks Union Square.
Anne Michaud and Randi F. Marshall
Born to run
It’s going to be an oddly Jersey musical night Monday when Democratic presidential nominee Hillary Clinton is joined by Bruce Springsteen and Jon Bon Jovi in Philadelphia. President Barack Obama and the first lady also will be there, along with Bill and Chelsea Clinton.
So we’re wondering which songs the rockers, and Springsteen in particular, will play.
Will it be “Born in the USA” and “Glory Days” as he extols the virtues of Clinton and addresses the fears of voters? Could some of the other 300 or so Springsteen titles tell the story of this race?
Some that come to mind are “Land of Hope and Dreams,” “American Land,” “Mr. Outside,” “Wrecking Ball,” “Outside Looking In,” “Your Own Worst Enemy,” “I’ll Work For Your Love,” “57 Channels and Nothing On,” “Long Time Comin’” and “Better Days.”
But perhaps the Boss, always a lover of performing covers, will sing David Bowie’s “Suffragette City” to set the tone for Tuesday’s balloting.
’Twas the night before Election Day
— It’s a new day, a new dawn, full of light and the bright promise of . . . oh, wait, that’s just the end of daylight saving time.
— Donald Trump told a rally in Hershey, Pennsylvania, that unlike Hillary Clinton and the cadre of entertainers joining her onstage, he was “here all by myself. Just me. No guitar. No piano.” Just him and his dog whistles.
— Recently indicted Edward Mangano says he will stay on as Nassau County executive because he knows good people he can turn to for advice on running the county, like Frank Zarb, the first chairman of the state fiscal control board monitoring Nassau’s finances. That’s the same Zarb who headed a commission that recommended Mangano appoint an independent inspector general to monitor Nassau’s contracting process, a piece of advice Mangano has ignored.
— After FBI Director James Comey sent a letter to Congress saying that the review of emails on Anthony Weiner’s laptop hadn’t changed his conclusion that no charges should be brought against Hillary Clinton, Clinton declined to comment. Or, as Donald Trump might put it, she took the Fifth.
— So, now that James Comey has again exonerated Hillary Clinton, who will exonerate Comey?
— Many unenthusiastic African-American voters are saying they’ll settle for Hillary Clinton. Clinton will settle for settling.
— Current events pop quiz: State lawmakers in Sydney, Australia, recently passed a resolution unanimously that called Donald Trump, a) an American patriot, b) a truth-teller without peer, or, c) a revolting slug. (Go with your gut on this one.)
— A show of hands, please. Who spent that extra hour you got Sunday reading and watching more about the election? Anyone?
Live from Newsday Opinion, it’s election night
Tuesday’s Point will hit your inboxes later than usual. We’ll be pointing out insider election data and information as well as providing coverage from editorial board members who will be with the presidential candidates.