Stock market jumps at Tuesday’s open on crucial Election Day trading

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U.S. stock indexes rose early Tuesday as market participants bought stocks on Election Day, setting the stage for another sharp session of gains ahead of the outcome of the pivotal vote. The Dow Jones Industrial Average rose 300 points, or 1.1%, at 27,232, the S&P 500 index climbed 1% at 3,341, while the Nasdaq Composite Index advanced 0.5% at 11,012. Investors are focused on the political race between Vice President Joe Biden and Trump, with expectations running high that the Democratic challenger will win the White House versus Donald Trump, and Democrats will take control of Congress. Markets are wagering that such an outcome would make it more likely lawmakers will approve additional fiscal relief to combat the economic harm done by the COVID-19 pandemic.

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