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New York stocks close: Sharp recovery on election day

news-source="dpa-afx">

NEW YORK (dpa-AFX) – The US stock markets continued their recovery on the day of the US presidential election after the sell-off of the previous week. A wave of optimism sloshed on Wall Street that the election outcome would not bring any major uncertainties, said a portfolio manager. Oil prices, which recorded the strongest rise in a month, provided positive impetus.

The Dow Jones Industrial closed on Tuesday 2.06 percent higher at 27,480.03 points, after having gained 1.6 percent at the start of the week. The market-wide S&P 500 gained 1.78 percent to 3369.16 points. The Nasdaq 100 advanced 1.76 percent to 11,279.91 points./edh/he

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