US stocks push higher in Election Day session

Wall Street stocks rose on Tuesday, bouncing back from the prior session's declines in a benign session held as voters went to the polls in the US presidential election.Forecasters have for weeks pointed to a neck-and-neck contest between Vice President Kamala Harris and former president Donald Trump."What the market is saying is that the economy has continued to hold up even in the face of all this uncertainty that we have," said Victoria Fernandez, chief market strategist at Crossmark Global Investments, who pointed to a host of potentially market-moving policy areas affected by the results.The Dow Jones finished up 1.0 percent at 42,221.The S&P 500 gained 1.2 percent to 5,782, while the Nasdaq jumped 1.4 percent to 18,439.All 11 sectors of the S&P 500 pushed higher, led by consumer discretionary and industrial stocks.Large technology equities also advanced, including Netflix, which won 1.1 percent despite a raid of the company's offices in Paris and Amsterdam on Tuesday as part of a tax fraud probe, according to a judicial source.But Boeing dropped 2.6 percent as a machinist union voted to accept the company's latest contract offer, ending a more than seven week strike that closed two assembly plants in the Seattle area. The new contract includes a 38 percent wage hike. (AFP)

Wall Street stocks rose on Tuesday, bouncing back from the prior session's declines in a benign session held as voters went to the polls in the US presidential election. Forecasters have for weeks pointed to a neck-and-neck contest between Vice President Kamala Harris and former president Donald Trump. "What the market is saying is that the economy has continued to hold up even in the face of all this uncertainty that we have," said Victoria Fernandez, chief market strategist at Crossmark Global Investments, who pointed to a host of potentially market-moving policy areas affected by the results.

The Dow Jones finished up 1.0 percent at 42,221. The S&P 500 gained 1.

2 percent to 5,782, while the Nasdaq jumped 1.4 percent to 18,439. All 11 sectors of the S&P 500 pushed higher, led by consumer discretionary and industrial stocks.

Large technology equities also advanced, including Netflix, which won 1.1 percent despite a raid of the company's offices in Paris and Amsterdam on Tuesday as part of a tax fraud probe, according to a judicial source. But Boeing dropped 2.

6 percent as a machinist union voted to accept the company's latest contract offer, ending a more than seven week strike that closed two assembly plants in the Seattle area. The new contract includes a 38 percent wage hike. (AFP).