Implode-o-Meter News - Dow soars by 600 points as investors bet on clear election winner and swift passing of stimulus bill

Wall Street opened on a high note Tuesday as investors expressed confidence that a clear winner would be declared in the U.S. election and that a fiscal stimulus deal would be swiftly passed.
The Dow Jones Industrial Average soared by more than 600 points on Election Day morning, with the S&P 500 gaining 1.9 percent and the Nasdaq composite rising by around 1.5 percent.

"Ultimately, the markets want clarity, and the main threat this week is the emergence of a contested election," Tom Essaye, founder of The Sevens Report and a stock market analyst, wrote in a note. "If races are tight enough for campaigns to sue to halt or extend recounts, expect a reversal."

Relevant:

Dow soars by 600 points as investors bet on clear election winner and swift passing of stimulus bill