Stocks Head Higher


NEW YORK, (UPI) — U.S. stock indexes rose Tuesday as a national election got under way.

There were no major economic reports due Tuesday and the election is unlikely to be called until late in the evening. That makes Tuesday a day of hedging bets.

In early afternoon trading, the Dow Jones industrial average added 149.32 points, 1.14 percent, to 13,261.76. The Nasdaq composite index added 15.12 points, 0.5 percent, to 3,014.78. The Standard and Poor’s 500 index gained 12.26 points, 0.87 percent, to 1,429.52.

The benchmark 10-year treasury fell 7/32 to yield 1.713 percent.

The euro rose to $1.2814 from Monday’s $1.2796. Against the yen, the dollar rose to 80.34 yen from 80.30 yen.

In Tokyo, the Nikkei 225 index lost 0.36 percent, 32.29, to 8,975.15.

In London, the FTSE 100 index added 0.79 percent, 45.84, to 5,884.90.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.