Stocks powered higher Tuesday as investors hope the end of a bruising U.S. presidential campaign may soon lift the heavy uncertainty that has sent markets spinning recently. The S&P 500 won 58.92 points, or 1.8 percent at 3,369.16 for its second straight healthy gain. What investors fear is the prospect of a contested election, one that drags on and injects even more uncertainty into markets. “There’s a sense that we might get some clarity on the outcome of the direction of one or two wild cards that have been moving the market,” von Lipsey said. A Biden win and Republican Senate would be least beneficial to stocks, meanwhile, because it would mean the lowest chance for stimulus.-AP

Source: The Standard November 04, 2020 00:45 UTC