• Stocks rose on Tuesday, led by technology, with Palantir shares helping the Nasdaq rise 1.4%.
• Investors are watching the results of the US presidential election.
• The Fed’s next policy meeting will begin on Wednesday.

U.S. indexes rose on Tuesday as a rally in technology stocks pulled indexes higher as traders headed toward the end of the U.S. presidential election.

Record earnings report palantir It helped push the tech higher, with the stock rising 23.5% to close at $51.15. The data software company made a record profit while showcasing the high demand for its AI products.

Other tech leaders also finished higher; Nvidia is up almost 3%; Nvidia and Tesla closed 3.5% higher.

Nvidia’s rally on Tuesday helped the chip giant overtake Apple as the world’s most valuable company, with a market cap of $3.42 trillion compared to Apple’s $3.38 trillion.

The S&P 500 and tech-heavy Nasdaq rose 1.2% and 1.4%, respectively, in the session. The Dow Jones Industrial Average is up almost 430 points.

The situation of the US indices at the close of 16.00 on Tuesday is as follows:

As voters flock to the polls, Wall Street is nervous about the possibility of the election outcome being uncertain after the voting is concluded.

Some popular Trump transactions rose throughout the day, while Bitcoin and Trump Media shares rose in anticipation of a potential Republican victory. Treasury yields eased slightly, with the 10-year note falling two basis points to 4.289%.

On Wednesday, Wall Street’s focus will quickly shift from the presidential race to the Federal Reserve’s two-day policy meeting. futures markets It shows there is a 98.2% chance the central bank will cut interest rates by 25 basis points by the end of Thursday’s meeting.

Here’s what else is going on:

In commodities, bonds and crypto:

• West Texas Intermediate Crude oil rose 0.99% to $72.18 per barrel. Brent crude oilOil, the international benchmark, rose by 0.81 percent to $75.69 per barrel.
• Gold It rose 0.18% to $2,751.2 per ounce.
• The 10-year Treasury yield fell two basis points to 4.289%.
• Bitcoin It rose 2.82% to $69,401.