Wall Street Climbs Ahead of Election

By: Associated Press
By: Associated Press

NEW YORK (AP) - Stocks are climbing in midday trading as investors await the results of midterm elections that are expected to give Republicans at least partial control of Congress.

A steep drop in the dollar Tuesday is helping push investors toward assets like stocks and commodities.

Traders are also waiting for the Federal Reserve to wrap up a meeting Wednesday where it is expected to announce plans to stimulate the economy. There is uncertainty about exactly how big a
bond-buying program the Fed will announce.

The Dow Jones industrial average is up 62, or 0.6 percent, to 11,187. The S&P 500 is up 8, or 0.6 percent, at 1,192, while the Nasdaq composite is up 19, or 0.8 percent, at 2,524.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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