Stocks rise on Election Day; Dow near 2010 high -

Stocks rise on Election Day; Dow near 2010 high

NEW YORK (AP) -- Stocks are finishing with gains as investors await the results of elections that are expected to give Republicans at least partial control of Congress.

Small companies are up significantly. The Russell 2000, the index that tracks smaller companies, rose 2 percent.

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.

According to preliminary data, the Dow Jones industrial average is up 64, or 0.6 percent, to 11,189. The S&P 500 is up 9, or 0.8 percent, at 1,194, while the Nasdaq composite is up 29, or 1.1 percent, at 2,534.

Three stocks rose for every one that fell on the New York Stock Exchange, where trading volume came to 913 million shares.

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

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