(Image by David Vives from Pixabay)
(CNBC) -- Stocks rose Tuesday as investors awaited the results of the U.S. midterm elections, which could affect future levels of government spending and regulation.
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The Dow Jones Industrial Average gained 333.83 points, or 1.02%, to 33,160.83. The S&P 500 was up 0.56% to 3,828.11. The Nasdaq Composite advanced 0.49% to 10,616.20. All three indexes rallied for a third straight day.
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.
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