Election Buoys Dow

The next president’s off to a fine economic start, and he hasn’t even been elected. The Dow rose 305.45 points today, and some investors attribute the bounce to stockbrokers’ eagerness to get past the endless election and to anticipation of an even bigger post-election surge on Wednesday. The International Herald Tribune reports: "Historically, Wall Street has enjoyed a bounce in the fourth quarter after an presidential election as investors breathe a sigh of relief that the long election cycle, with its accompanying uncertainty, has ended. Analysts said investors seemed to be trying to get a jump on the expected rally by buying on the morning of Election Day.”