U.S. stock markets experienced a significant uptick as citizens participated in the presidential election, coinciding with new data indicating ongoing economic stability.
The S&P 500 saw a rise of 1.2% on Tuesday, edging closer to its previous record from last month. Meanwhile, the Dow Jones Industrial Average climbed by 1%, and the Nasdaq composite increased by 1.4%.

The enthusiasm surrounding the artificial intelligence sector notably contributed to Wall Street’s positive performance, particularly after Palantir Technologies reported impressive profits. Additionally, a report indicated that growth for U.S. services businesses picked up last month, surpassing economists’ forecasts for a potential slowdown.

On Tuesday, the market results were as follows:

– The S&P 500 ascended by 70.07 points, or 1.2%, settling at 5,782.76.

– The Dow Jones Industrial Average rose 427.28 points, or 1%, reaching 42,221.88.

– The Nasdaq composite increased by 259.19 points, or 1.4%, reaching a total of 18,439.17.

– The Russell 2000 index, which tracks smaller companies, gained 41.81 points, or 1.9%, bringing it to 2,260.84.

Looking at the week as a whole:

– The S&P 500 is up by 53.96 points, or 0.9%.

– The Dow has increased by 169.69 points, or 0.4%.

– The Nasdaq has risen by 199.25 points, or 1.1%.

– The Russell 2000 is up by 50.71 points, or 2.3%.

For the year to date:

– The S&P 500 has gained 1,012.93 points, a notable increase of 21.2%.

– The Dow has experienced a surge of 4,532.34 points, or 12%.

– The Nasdaq has risen by 3,427.82 points, achieving a growth of 22.8%.

– The Russell 2000 is up by 233.77 points, reflecting an increase of 11.5%.