Stocks Rally As Americans Vote

NEW YORK (November 6, 2012)--Stocks closed sharply higher Tuesday on Wall Street as Americans headed to the polls in a closely contested U.S. presidential election.

The Dow Jones industrial average rose 133 points to close at 13,246 Tuesday.

The Standard & Poor's 500 index rose 11 points to end the day 1,428, while the Nasdaq composite index rose 12 points to close at 3,012.

Companies that investors believe would benefit under a potential Romney administration had some of the biggest gains, including included United Technologies and Boeing, which do substantial business with the Defense Department.

Energy company stocks rose after the price of crude oil jumped $3 to $88.71 a barrel.

Two stocks rose for every one that fell on the New York Stock Exchange where volume was lighter than usual at 3.2 billion shares.


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