The Straits Times
Published on Nov 07, 2012

US stocks close with solid gains as US elects president


NEW YORK (AFP) - United States (US) stocks closed with solid gains on Tuesday as the country went to the polls to choose between Barack Obama and Mitt Romney for president, with the economy the key issue in the tight election.

The Dow Jones Industrial Average added 133.24 points (1.02 per cent), closing at 13,245.68.

The broad-based S&P 500 rose 11.13 (0.79 per cent) to 1,428.39, while the Nasdaq Composite climbed 12.27 (0.41 per cent) to 3,011.93.

Wall Street has been more behind the president's Republican challenger Romney, who supports low investment-related taxes.