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.