The Dow Jones Industrials popped 303.38 points to open Tuesday at 33,130.38, on track for its third straight up day
The S&P 500 advanced 20.85 points to 3,827.65
The NASDAQ regained 50.3 points to 10,614.82.
Market participants are expecting Republicans to take back the House of Representatives and possibly win the Senate as well when results start rolling in Tuesday night. Investors tend to like the notion of gridlock in Washington with a divided Congress and President because it will limit government spending, new taxes and regulations.
Shares of Lyft fell nearly 20% while Take-Two Interactive and Tripadvisor slumped more than 18% each after reporting disappointing quarterly results.
Meanwhile, shares of Kohl’s jumped more than 7% after the department store chain announced the departure of its CEO next month.
Prices for the 10-year Treasury climbed, lowering yields to 4.16% from Monday’s 4.22%. Treasury prices and yields move in opposite directions.
Oil prices hesitated 39 cents to $91.40 U.S. a barrel.
Gold prices gained $28.20 to $1,708.70 U.S. an ounce.