Wall Street’s main stock indexes opened higher on Tuesday – Election Day in the United States – and kept on rallying as investors cling to optimism that a clear winner will emerge from an exceptionally divisive US presidential election.
Around 11:00 am ET in New York, the Dow Jones Industrial Average was up more than 641 points or 2.38 percent at 27,566.19.
The S&P 500 – a gauge for the health of US retirement and college savings accounts – was up 2.28 percent, while the tech-heavy Nasdaq Composite Index was up 2.29 percent.
After slumping to five-week lows last week, all three major stock indexes kicked November off on a high note on Monday.
The CBOE volatility index, known as Wall Street’s fear gauge, retreated for a second day after touching a 20-week high last week on surging coronavirus cases globally and mounting anxiety that no clear winner would emerge in the race for the Oval Office.
