Tuesday, November 8, 2016
Stocks closed broadly higher for a second day on Tuesday as investors kept an eye on the U.S. presidential race. Investors like predictability, and many have been buying in anticipation that Hillary Clinton will win and not upend decades of U.S. positions on trade and other policies, as her rival Donald Trump has promised. The higher close added to big gains from a day earlier after the FBI announced a review of newly discovered emails found no evidence to warrant charges against Clinton. Quarterly profit reports from several companies were mixed. Ten of the 11 industry sectors of the Standard and Poor’s 500 index closed higher, led by utilities.