Stocks rally in US as voters head to cast vote on Election Day
Nov 03, 2020
New York [US], November 3 : The stocks rallied early on Tuesday rising for the second day in a row as voters across the country head to the polls to cast their ballot.
According to The Hill, Dow Jones Industrial Average opened with a gain of 331 points Tuesday, rising 1.2 per cent while the Nasdaq composite rose 0.7 per cent and the S&P 500 rose 1 per cent.
The market's strong Election Day open comes after stocks closed with solid gains Monday, shrugging off Wall Street's worst week since March ahead of a "potentially tumultuous week". The Dow closed with a gain of 423 points Monday, rising 1.6 per cent, while the Nasdaq gained 0.4 per cent and the S&P rose 1.2 per cent.
The week ahead also holds a flurry of other potentially market-moving events unrelated to the election, the American Daily reported further.
The 2020 US Presidential election is much different from the previous presidential elections owing to the ongoing COVID-19 pandemic and the relations between the US and China being the key talking points of the election campaigns.
