Stocks rise as investors anticipate election’s end

Major stock market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.

By MATTHEW CRAFT Published: November 7, 2012
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NEW YORK — Major stock market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.

“We’re on pins and needles,” said Phil Orlando, chief equity strategist at Federated Investors, a money management firm. Orlando, who backs Republican Mitt Romney, said he thought the stock market’s gains reflected optimism that Romney could win.

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