New York
Wall Street stocks enjoyed a buoyant Election Day session Tuesday, finishing solidly higher amid hopes of a straightforward outcome to a contentious presidential campaign.
The Dow Jones Industrial Average rose 2.1 percent, or about 550 points, to finish at 27,480.03, adding to the gains from a positive session Monday that won back a fraction of last week’s losses. The broad-based S&P 500 advanced 1.8 percent to end at 3,369.16, while the tech-rich Nasdaq Composite Index gained 1.9 percent to 11,160.57. In the battle for the White house, polls give the edge to former vice president Joe Biden over President Donald Trump, but political analysts say a Trump victory remains a distinct possibility.
Analysts said Tuesday’s rally reflected less of a bet on one candidate or the other, and more a hope that the US can avoid a protracted fight and move past one of the key uncertainties in markets.
