NEW YORK (TheStreet) --All three major U.S. averages closed higher on Monday, with election day less than 24 hours away. Today's gains erase nine consecutive days of losses for the S&P 500.

Additionally, all S&P sectors closed higher, and WTI Crude closed in the green for the first time in seven sessions.

"Everything rallied today; I just want to note a very strong day for the financials. We have new highs, JPMorgan (JPM), Regions Financial (RF), KeyCorp (KEY), and Prudential (PRU), all hit 52-week highs today, as yields started to move up a little bit," CNBC's Bob Pisani explained during this afternoon's "Closing Bell."

Pharmaceuticals, Pisani continued, were "tougher" to understand on Monday as uncertainty over a divided House of Representatives, and divided leadership, "seemed to be the argument" as to why Pisani noted.

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