U.S. stocks ended lower on Monday, as investors await the too-close-to-call presidential election on Tuesday. The Dow Jones Industrial Average went down 257.59 points or 0.6% to end at 41794.60, according to Dow Jones Market Data. The S&P 500 fell 16.11 points or 0.3% to close at 5712.69.

Share prices and bond yields have surged as the Republican party gained control of the Senate and former President Donald Trump closed in on the 270 votes in the Electoral College that would return him to the White House.

On Election Day, the Nasdaq Composite surged 1.4% to close at 18,439 and is now within 1.5% of its October 29 all-time high. The S&P 500 was up 1.2% to 5,782, and the Dow Jones Industrial Average added 1% to 42,221.

Indian equity markets turned positive on Tuesday, recovering from earlier losses, as investors flocked to large financial stocks, seen as having strong valuations. The market sentiment was cautious, with the upcoming U.

The Dow Jones Industrial Average and the other major stock indexes traded higher Tuesday, as Wall Street braced for today's presidential election results. Artificial intelligence giant Palantir Technologies soared on the stock market today after the company's earnings report.

Stocks opened lower Monday and recovered but ultimately finished in the red during the last regular trading session before Election Day in the U.S. Underneath the surface, one Magnificent 7 stock replaced another atop the global market capitalization rankings.