Dow ends more than 540 points higher as stocks extend election week rally

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Stocks rallied sharply Thursday, gaining ground for a fourth straight day as investors appeared to favor prospects for a split government as Democratic challenger Joe Biden remained near the threshold for an electoral college victory over President Donald Trump while Republicans were seen increasingly likely to hold their Senate majority. The Dow Jones Industrial Average rose around 543 points, or 1.9%, to end near 28,390, according to preliminary figures, while the S&P 500 finished with a gain of around 67 points, or 1.9%, near 3,510. The Nasdaq Composite closed near 11,891, up 300 points, or 2.6%.
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