Tuesday's afternoon trade: Wall Street rallies

US stocks rose on Tuesday on expectations the congressional elections outcome will be bullish for business, though some warn gridlock could hurt the nation's ability to recover from a steep recession. As voters cast their ballots, most polls show Republicans regaining control of the US House of Representatives, while President Barack Obama's Democrats could be left with a smaller majority in the Senate.
The Dow Jones industrial average rose 76.82 points, or 0.69 percent, to 11,201.44. The Standard & Poor's 500 added 9.42 points, or 0.80 percent, to 1,193.80. The Nasdaq Composite rose 24.23 points, or 0.97 percent, to 2,529.07.