Dow ends nearly 170 points higher as investors await Georgia election results

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Stocks ended higher Tuesday, taking back a chunk of the previous session’s decline, as investors awaited the outcome of a pair of runoff elections in Georgia that will determine control of the U.S. Senate. The Dow Jones Industrial Average rose around 168 points, or 0.6%, to close near 30,392, according to preliminary figures, while the S&P 500 gained around 26 points, or 0.7%, to end near 3,727. The Nasdaq Composite advanced around 121 points, or 0.9%, finishing near 12,819. Republicans will keep control of the upper chamber if they retain one of the two seats up for grabs in Tuesday’s election. A Democratic sweep is seen giving President-elect Joe Biden room to push for a more aggressive round of fiscal stimulus after he takes office later this month, while also raising the prospect of a rollback of the 2017 corporate tax cut.
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