US stocks rose and investors waited for US congressional election results.
The U.S. stock market closed higher on Tuesday as voters went to polling stations to vote in the U.S. Congress. Investors hoped that the results would give the stock market some breathing space after a long period of uncertainty.
Some companies, such as CVS Health Corp (CVS.N) and Mylan NV (MYL.O), were boosted by their strong performance, but despite the increase in late-day buying, volume was relatively light, as many investors were reluctant to make big bets in case the election results were unexpected.
Wall Street expects President Trump's Republican Party to lose control of the House of Representatives, but maintain control of the Senate.
"People are looking forward to the election results and there is a good chance that there will be an impasse. If there is an impasse, there may be another round of rallies because the current economic agenda will not change substantially," said Mona Mahajan, American investment strategist at Allianz Global Investors.
"In people's minds, there is still an idea that there may be accidents. Most people are waiting for election results before making any major investment decisions.
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