U.S. stocks rose on Tuesday as investors awaited the outcome of this week’s closely contested presidential election and other potential market disruptions.
At the opening bell, the Dow Jones Industrial Average rose 40.9 points, or 0.10 percent, to 41835.49. The S&P 500 rose 9.7 points, or 0.17 percent, to 5722.43, while the Nasdaq Composite rose 70.7 points, or 0.39 percent, to 18250.707.
Investors are concerned about the uncertainty of the election results, which may not be known for days or weeks as officials count all the votes.
Another potential factor for volatility is that the Federal Reserve is meeting on interest rates later this week.
Futures on the S&P 500 and the Dow Jones Industrial Average each rose 0.2 percent before the opening bell.
Boeing shares rose 0.1 percent after factory workers, who had been on strike, voted in favor of the plane maker’s latest contract offer.
On the bond market, the yield on ten-year government bonds rose to 4.31 percent from 4.29 percent late on Monday.
Crude oil
Oil prices traded within a narrow range on Tuesday after rising more than 2 percent in the previous session after OPEC postponed plans to increase production in December.
Brent crude futures rose 45 cents, or 0.6 percent, to $75.53 a barrel by 1226 GMT, while U.S. West Texas Intermediate crude was at $71.94 a barrel, up 47 cents, or 0.7 percent.
Precious metal
Gold prices were steady on Tuesday as market participants braced for the outcome of the US election.
Spot gold was little changed at $2,739.79 an ounce by 1231 GMT. U.S. gold futures rose 0.1 percent to $2,749.20.
Spot silver rose 0.3 percent to $32.58 an ounce.
