Stocks close solidly higher as US picks president

US stocks closed with solid gains Tuesday as the country went to the polls to choose between Barack Obama and Mitt Romney for president, with the economy the key issue in the tight election.

The Dow Jones Industrial Average added 133.08 points (1.01 percent) at 13,245.52 in closing trade.

The broad-based S&P 500 rose 11.09 (0.78 percent) to 1,428.35, while the Nasdaq Composite climbed 12.27 (0.41 percent) to 3,011.93.

Wall Street has been more behind the president's Republican challenger Romney, who supports low investment-related taxes.

But most in the business world want a clear decision that will allow the government to move on fixing the extremely austere "fiscal cliff" legislation that comes into play at year end.

"The presidential race is considered too close to call. That probably means the nation is in store for a long night of political intrigue," said Patrick O'Hare of Briefing.com.

"Let's hope, however, that by this time tomorrow we at least know who has been elected president. There is a risk that we won't and that won't be a good thing."

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2572-0.0009-0.07%
    USDSGD=X
    1.7392-0.001-0.06%
    EURSGD=X
    2.1128-0.001-0.05%
    GBPSGD=X
    81.4492+0.1572+0.19%
    SGDJPY=X
    6.1672+0.0045+0.07%
    SGDHKD=X
    2.6030+0.0046+0.18%
    SGDMYR=X
    9,254.6201-1.4062-0.02%
    SGDIDR=X
    4.9778+0.0108+0.22%
    SGDCNY=X
    1.1652-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,292.00+1.40+0.11%
    GCM14.CMX
    19.55-0.14-0.70%
    SIK14.CMX
    91.62-1.25-1.35%
    ^XAU
    3.120.00+0.05%
    HGK14.CMX
    101.99+0.05+0.05%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.74+0.03
    ^FVX
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    ^TNX
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    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    2.22+0.010+0.45%
    JS8.SI
    1.150.0000.00%
    U6C.SI
    0.122-0.001-0.81%
    B22.SI
    1.335-0.020-1.48%
    G13.SI
    0.605-0.010-1.63%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.56+0.010+1.82%
    H17.SI
    0.138+0.004+2.99%
    S56.SI
    0.131+0.006+4.80%
    I9T.SI
    0.159+0.007+4.61%
    5HH.SI
    0.220.0000.00%
    G50.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.09-0.020-18.18%
    CL7.SI
    0.151-0.009-5.63%
    A03.SI
    0.695-0.040-5.44%
    L02.SI
    0.30-0.015-4.76%
    K29.SI
    0.205-0.010-4.65%
    510.SI