11/05/2024

Dow Rallies 400 points, S&P 500 Gains 1 Percent

Meanwhile, traders await U.S. election results

The S&P 500 rose solidly on Tuesday in a broad rally for stocks as traders awaited the results from a high-stakes U.S. presidential election.

The benchmark index gained 1.23 percent to close at 5,782.76. The Nasdaq Composite advanced 1.43 percent to 18,439.17. The Dow Jones Industrial Average climbed 427.28 points, or 1.02 percent, and settled at 42,221.88.

The race between Vice President Kamala Harris and former president Donald Trump is expected to be tight. Close attention also remains on which party dominates Congress, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy.

Please select this link to read the complete article from CNBC.