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U.S. stocks tick up on Election Day

Xinhua, November 9, 2016 Adjust font size:

U.S. stocks reversed early losses to trade higher around midday Tuesday, as Investors are eagerly awaiting the outcome of the presidential race.

By noon, the Dow Jones Industrial Average rose 95.22 points, or 0.52 percent, to 18,354.82. The S&P 500 added 9.83 points, or 0.46 percent, to 2,141.35. The Nasdaq Composite Index was up 27.62 points, or 0.53 percent, to 5,193.79.

On Monday, U.S. stocks rebounded strongly, with both the S&P 500 and the Nasdaq Composite Index snapping a nine-day losing streak after the FBI again cleared Democratic presidential nominee Hillary Clinton over her use of a private email server. All three major indices surged over 2 percent.

FBI Directer James Comey on Sunday informed the U.S. House members that FBI has not changed its July advice not to charge Democratic presidential nominee Hillary Clinton over her use of personal email server during her stay in the State Department.

Seven voters casted their ballots at the stroke of midnight in Dixville Notch, a tiny town in the northeastern corner of the U.S. state of New Hampshire, kicking off the U.S. presidential elections on Tuesday.

Financial markets in general view a Clinton win as the better outcome in Tuesday's election, as it presents fewer unknowns and possibly more stability for markets than a victory for her Republican rival Donald Trump.

With polls showing an election that's still too close to call, markets, experts say, have largely priced in a Hillary Clinton victory, according to the CNBC.

There is no major economic report due Tuesday. Enditem