Stocks Ended Higher, Eyed on Midterm Elections

U.S. stocks ended higher on Tuesday ahead of midterm election results. The Dow Jones Industrial Average rose 173.31 points, or 0.68%, to 25,635.01. The S&P 500 added 17.14 points, or 0.63%, to 2,755.45. The Nasdaq Composite gained 47.11 points, or 0.64%, to 7,375.96.

Oil declined Tuesday, sending benchmark U.S. crude futures down for a seventh consecutive session — the longest losing streak in nearly 20 months. West Texas Intermediate crude for December fell 89 cents, or 1.4%, to settle at $62.21 a barrel. January Brent crude fell $1.04, or 1.4%, to $72.13 a barrel.

A U.S. federal judge ruled on Tuesday that chip seller Qualcomm Inc (QCOM) must license some of its technology to competitors such as Intel Corp (INTC).

Advanced Micro Devices Inc. announced that its Epyc central processing units would be adopted by the world’s largest public cloud provider, Amazon Web Services.

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