NEW YORK — U.S. stock indexes edged higher as voters head to the polls on the last day of the presidential election. The S&P 500 was up 0.4% in early trading Tuesday. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite was 0.6% higher. Excitement about the artificial-intelligence boom helped lift Wall Street, as it has for much of the last year. Software company Palantir Technologies jumped 16.
Boeing shares rose close to 2% overnight after striking factory workers voted to accept the aerospace giant's latest contract offer after more than seven weeks. The contract’s ratification on the eve of Election Day clears the way for the aerospace giant to restart Pacific Northwest assembly lines that the walkout idled for 53 days and resume production of its bestselling airliner.
The broader U.S. stock market has historically risen regardless of which party wins the White House. And in 2020, U.S. stocks climbed immediately after Election Day and kept going even after former President Donald Trump refused to concede and challenged the results. That rally took place amid excitement about the potential for a vaccine for COVID-19, which had crippled the global economy.
Hong Kong's Hang Seng jumped 2.1% to 21,006.97, while the Shanghai Composite index surged 2.3% to 3,386.99. Elsewhere in Asia, Japan's Nikkei 225 index gained 1.1% to 38,474.90, reopening after a holiday on Monday.
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