Stocks Ended Sharply Higher on Election Day

U.S. stocks ended sharply higher on Tuesday, as investors weighed a host of possible Election Day outcomes against a backdrop of an ongoing pandemic and lingering economic strain. The Dow Jones Industrial Average rose 554.98 points, or 2.06%, to 27,480.03. The S&P 500 climbed 58.92 points, or 1.78%, to 3,369.16. The Nasdaq Composite advanced 202.96 points, or 1.85%, to 11,160.57.

Oil futures ended higher on Tuesday, on signs OPEC+ will hold off on easing production curbs and as financial markets maintained a rosy mood on Election Day. West Texas Intermediate crude for December delivery rose 85 cents, or 2.3%, to settle at $37.66 a barrel. January Brent crude rose 74 cents, or 1.9%, to $39.71 a barrel.