The SMI index closed lower today due to a decline in Novartis share prices, while Wall Street had a subdued performance.
On the other hand, gold prices have reached a record high, reflecting the ongoing market volatility.
There is speculation about Donald Trump's potential victory in the upcoming US presidential election, which has caused shares of Trump Media & Technology to surge by 12% to over $54 at the start of US trading. If this upward trend continues, the stock could exceed $56, its highest value since late March. The shares had already experienced a similar increase on Monday, reaching their peak since June. Analysts believe that Trump's rising popularity in polls and improved betting odds are contributing factors to the stock's performance. However, opinion polls indicate a competitive race in seven key battleground states that will likely determine the election outcome.