LOS ANGELES: Wall Street is betting on a defeat for President Trump, as big media and tech stocks rose on Election Day in anticipation of Democratic nominee Joe Biden taking the White House.
On Tuesday, the Dow Jones Industrial Average closed up nearly 555 points, or 2.1%, building on the index's Monday gain of 423.45 points. The S&P 500 finished the day up 1.8% and the tech-centric Nasdaq Composite closed up 1.9%.
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