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Investors pulled the "buy" lever as Americans headed into voting booths to determine who will lead the nation for the next four years. The Dow was on pace for its biggest gain in nearly two months as Americans went to the polls to determine the nation's next president. Chris Dieterich reports on The News Hub. Photo: Getty Images.

The Dow Jones Industrial Average advanced 133.24 points, or 1%, to 13245.68. Energy and industrials shares in the index rose the most. Hewlett-Packard HPQ +2.78%lead the Dow, adding 39 cents, or 2.8%, to $14.40. United Technologies UTX +2.66%gained 2.07, or 2.7%, to 79.97, and Boeing BA +2.29%gained 1.61, or 2.3%, to 72.02.  Telecommunications stocks were the only sector to sink, and AT&T's T -0.09%decline of three cents, or 0.1%, to 34.80, made the stock one of only two Dow members to lose ground. The Standard & Poor's 500-stock index added 11.13 points, or 0.8%, to 1428.39. The Nasdaq Composite Index rose 12.27 points, or 0.4%, to 3011.93.

Traders said a clean resolution to the election likely would give stocks a boost in the short term regardless of whether the winner is President Barack Obama or Republican rival Mitt Romney. "Any time you take an element of uncertainty off the table, volatility comes down and the market tends to look higher," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab SCHW 0.00%. The Dow industrials have recorded an average gain of 0.8% on Election Day since 1896, rising 0.1%, on average, the day after.

The Stoxx Europe 600 added 0.6%, up three of the past four trading days. Germany's DAX index gained 0.7%, while France's CAC-40 climbed 0.9%. Asian markets were mostly lower, weighed down by uncertainty surrounding the beginning of China's Communist Party Congress on Thursday, in which Asia's largest economy is expected to unveil its next generation of political leaders. China's Shanghai Composite and Japan's Nikkei Stock Average both shed 0.4%. Crude-oil prices surged 3.6%, to settle at $88.71 a barrel, while gold gained 1.9%, to $1,714.10 a troy ounce. The dollar edged lower against the euro but rose versus the yen. The yield on the 10-year Treasury TWE.AU +0.41%note rose to 1.742% as prices fell.          [The Wall Street Journal]

Stocks on Bursa Malaysia dipped at the end of trading session yesterday as investors avoided riskier assets on uncertainties over the outcome of the US presidential election. Malaysia's index futures spot month contract opened slightly higher this morning at 1645 following a surge in U.S. stocks as voters headed to the polls on Tuesday.  Today’s Support and Resistance for November contract is located around 1630 and 1658  respectively.