Stocks rise on the eve of Election Day

By DAMIAN J. TROISE                      AP Business Writer

Stocks rose on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market.

The S&P 500 rose 1%, while the Dow Jones Industrial Average gained 1.3% and the Nasdaq composite added 0.9%.

Analysts say many investors seem to be making bets that Republicans will take control of at least one house of Congress.

With a divided government, gridlock is more likely than big, sweeping policy changes that could upend tax and spending plans.

A trader looks over his cell phone outside the New York Stock Exchange, Wednesday, Sept. 14, 2022, in the financial district of Manhattan in New York. (AP Photo/Mary Altaffer, File)