Stocks jump on Election Day as investors eye outcome

Quick Summary:

US stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight US presidential election.

"The market continues to try and price for what is the outcome of this election," said Rob Haworth, senior investment strategist at US Bank Wealth Management in Seattle.

The Dow Jones Industrial Average rose 427.28 points, or 1.02%, to 42,221.88, the S&P 500 gained 70.07 points, or 1.23%, to 5,782.76 and the Nasdaq Composite gained 259.19 points, or 1.43%, to 18,439.17.

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Category: EconomyBusiness

Markets: Malaysia

Topics: ElectionRally InterestRates /Business/ CongressionalElections MarketVolatility EconomicData USStocks FederalReserve Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 07:26:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 762 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23438795

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