Stocks Rally Ahead Of US Election

By: Associated Press
By: Associated Press
Wall Street is up sharply in early trading, setting the stage for an Election Day rally as investors look forward to putting the uncertainty of the presidential voting behind them.

The Dow Jones news ticker is reflected on a window at the NASDAQ building just before the closing bell, Monday, Oct. 6, 2008 in New York's Times Square. Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points _ their largest one-day point drop _ before recovering to close with a loss of 370. (AP Photo/Mary Altaffer)

Wall Street is up sharply in early trading, setting the stage for an Election Day rally as investors look forward to putting the uncertainty of the presidential voting behind them.

Analysts generally do not believe that one candidate will boost the beaten down market more than the other. In fact, they predict that stocks are headed for a recovery no matter who is elected.

The market was awaiting the Commerce Department's report on September factory orders at 10 a.m. Eastern time, but investors were clearly not anxious about the data.

In the first minutes of trading, the Dow Jones industrial average was up about 185 points, or 1.97 percent, at the 9,505 level. The broader market indexes were also up over 1 percent.


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