The 30-stock index jumped 210.48 points to move into noon hour at 32,613.70.
The S&P 500 advanced 6.66 points to 3,777.21
The NASDAQ fell 15.9 points to 10,458.35.
Shares of Apple fell more than 1% after the tech company said iPhone production has been temporarily reduced because of COVID-19 restrictions in China. Palantir shares, meanwhile, declined more than 9% after the company posted disappointing quarterly results. Carvana tumbled 11%, after falling more than 20% earlier in the day.
Facebook parent Meta gained more than 5% following a Wall Street Journal report that said the company could start layoffs as soon as Wednesday. McDonald’s was trading at all-time highs, up roughly 1%.
Tuesday’s mid-term election will determine which party will control Congress, and impact the direction of future spending. Democrats currently control the House, and have a majority in the Senate.
Investors could approve of a potential gridlock that may come out of the midterm elections as a Democratic president, with a Republican or split Congress, has historically meant above-average gains, according to experts.
Treasury prices gave up its gains, raising yields to 4.22% from Friday’s 4.18%. Treasury prices and yields move in opposite directions.
Oil prices regained 49 cents to $93.10 U.S. a barrel.
Gold prices gained $4.30 to $1,680.90 U.S. an ounce.