Stocks Rally as Election Uncertainty Lifts

Indexes advanced Tuesday on easing of investors' anxiety about the presidential race outcome, while some positive earnings overshadowed weaker factory orders

U.S. stocks finished solidly higher Tuesday as Wall Street celebrated the end of the U.S. presidential campaign. Traders focused on better than expected earnings from Mastercard (MA) and Archer-Daniels-Midland (ADM), which eclipsed a report that showed U.S. factory orders declining 2.5% in September. Investors also seemed to take remarks by Dallas Fed President Richard Fisher that the U.S. is "navigating the mother of all financial storms" in stride.

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