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Wall Street Stages Election Day Rally

Stock quotes in this article: MA , NOK , GS , VIA , GE , CIT , UBS  

Updated from 9:41 a.m. EST

Stocks in New York were climbing Tuesday as traders sorted through some encouraging quarterly earnings reports and polls across the nation opened for the U.S. presidential election.

The Dow Jones Industrial Average was gaining 255 points to 9576, and the S&P 500 was up 31 points to 998. The Nasdaq was tacking on 43 points to 1769.

A series of solid corporate earnings results were bolstering investor enthusiasm. Following Monday's close, credit-card company MasterCard (MA Quote) took a net loss on charges related to its settlement of a legal scuffle with Discover Financial Services (DFS Quote). Excluding the charge, however, MasterCard's earnings trumped the Street's forecasts. ...

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