⁍ U.S. President Donald Trump and Democratic rival Joe Biden debated on Thursday for the last time ahead of the Nov. 3 presidential election.

---

⁍ A record 47 million Americans already have cast ballots, eclipsing total early voting from the 2016 election.

---

⁍ S&P 500 index futures EScv1 were down 0.05%, little changed from levels before the debate started.

---

– The first of three presidential debates is in the books, with President Trump and Joe Biden facing off Thursday night in Las Vegas. Here’s what the analysts are saying: “The tone of the debate, while certainly calmer and more coherent than their first ‘debate,’ probably doesn’t change the campaign dynamic,” a market strategist tells Reuters. “In terms of the market, Vice President Biden has been adamantly defending his position that he’s not the Trojan Horse ready to insert socialism into the economy. The president has been insisting that Biden’s agenda will lead to a decidedly socialist system.” “The market has been in a range-trading mode, either waiting and worrying or waiting and hoping. It’s just toggling in a very cautious manner and I suspect that will be the case unless we get stimulus before elections,” says another market strategist in Singapore. “Perhaps the turnout will be higher for the Democrats, but this debate is not a game changer because so many people have already voted. Biden came through better than Trump in this debate and may just help him to cross the final line with a win,” says another market strategist in Singapore. “The next focus after this will be the polls and what the polls are saying about whether this debate changes peoples’ mind about who they like. The market has been in a range-trading mode, either waiting and worrying or waiting and hoping. It’s just toggling in a very cautious manner and I suspect that will be the case unless we get stimulus before elections.”