The broad market index gained 1%, and the Nasdaq Composite advanced 1.2%. The Dow Jones Industrial Average climbed 400 points, or nearly 1%.
“We’re positive on the market regardless of what happens tonight, today. We think Congress will be a divided Congress. That’s going to be the most positive thing of all,” said Alicia Levine, head of investment strategy and equities at BNY Wealth.
UBS: Election volatility is an opportunity to make long-term investments:
Investors should use any outsized market moves in the coming days to build better long-term positions in their portfolios, according to UBS. The firm sees opportunities in U.S. and Chinese equities, bonds and gold.
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