U.S. Stocks and ETFs Look To Election Day

In a quiet session, U.S. stocks and ETFs edged higher as investors watch and wait for tomorrow’s widely anticipated national election.

potus flag, presidential stock market, uso, nysearca:uso, etfs for the presidential election, uso, spy, dia, iwm, qqq, In what promises to be a photo finish, the Presidential election and control of Congress will set the tone for global markets and ETFs heading into the end of the year. Markets like certainty, the old adage goes, and so tomorrow could bring some of that precious commodity to the global stage.

However, that certainty is likely to be short lived as Europe and the fiscal cliff could quickly retake center stage. Spain and Greece Drag Europe Stocks Down

But investors will be watching carefully to see which candidate emerges as the winner because the outcome will likely have an impact on which sectors could fare better in coming months. ETF Tip Of The Week

Major U.S. Index ETFs

Dow Jones Industrial Average (NYSEARCA:DIA) +0.15%

S&P 500 (NYSEARCA:SPY) +0.22%

Nasdaq 100 (NYSEARCA:QQQ) +0.63%

Russell 2000 (NYSEARCA:IWM) +0.63%

Generally speaking, energy companies and ETFs like United States Oil Fund (NYSEARCA:USO) are expected to fare well under a Romney Administration while health care ETFs like SPDR Select Health Care (NYSEARCA:XLV) would be expected to prosper under a second Obama term. Gold (NYSEARCA:GLD) would likely face more favorable prospects with President Obama than with Governor Romney.

Bottom line: The seemingly never ending Presidential campaign ends tomorrow and should bring some certainty to future government policy in such important areas as taxation, dealing with the deficit and the rapidly upcoming fiscal cliff. Still, many challenges remain and the real work starts after the votes are counted and the victors declared.

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