New York (CNN Business)US stocks were sharply higher Monday morning, one day before Election Day, when Wall Street expects Joe Biden will win the presidency and Democrats will retake the Senate and maintain control of the House.

Stocks started the day off with a bang in New York, retracing some of their losses from last week, when they recorded their worst week since March.
The Dow (INDU) traded 1.9%, or some 510 points, higher around mid-morning. The broader S&P 500 (SPX) rose 1.8%, and the Nasdaq Composite (COMP) climbed 1.4%.
Although stocks typically favor Republican policies, investors are eager for more fiscal stimulus, that will buoy an economy headed south once again as coronavirus cases soar. Investors predict a "blue wave" would lift the chances of a comprehensive stimulus deal getting passed in the winter.



https://www.cnn.com/2020/11/02/investing/dow-stock-market-election/index.html