Dow jumps to start the week | Tech stocks lag | Investing around the election

It's a week full of uncertainty but the market managed to recover some of its sharp losses from last week.

VIEW IN BROWSER | SUBSCRIBE MON, NOV 02, 2020 EVENING BRIEF AS OF MON, NOV 02, 2020 • 04:23 ET DJIA 26925.05 +1.60% +423.45 S&P 500 3310.24 +1.23% +40.28 NASDAQ 10957.61 +0.42% +46.02   Most Active DOW NAME LAST CHG %CHG AAPL 108.77 -0.09 -0.08% INTC 44.46 +0.18 +0.41% MSFT 202.33 -0.14 -0.07% S&P 500 NAME LAST CHG %CHG AAPL 108.77 -0.09 -0.08% GE 7.52 +0.10 +1.35% F 7.71 -0.02 -0.26% NASDAQ NAME LAST CHG %CHG AAPL 108.77 -0.09 -0.08% AMD 74.70 -0.59 -0.78% AAL 11.19 -0.09 -0.80%   EDITOR'S NOTE It's a week full of uncertainty but the market managed to recover some of its sharp losses from last week.   The Dow Jones Industrial Average closed Monday more than 400 points higher, or up 1.6%. The S&P 500 gained about 1.2% and the Nasdaq Composite climbed 0.4%. All three market benchmarks were coming off their biggest one-week declines since March.   Those gains came even as a potentially contentious U.S. presidential election loomed, with some investors fearing the results could be delayed or disputed. CNBC's Jim Cramer said Monday's advances for the Dow, S&P 500 and Nasdaq may have been driven by easing concerns over a stalled or contested election result. "If you're really short, you're really betting that everything has to go wrong at this point," Cramer said on CNBC's "Squawk on the Street." "[The market] really got oversold last week and it's entirely possible that we elect someone tomorrow."   Also, the winner of Tuesday's election may not matter to the markets since the Federal Reserve is expected to keep rates lower for a while, CNBC's Jeff Cox writes.   Cox noted that stocks struggled after business-friendly George W. Bush was first elected president in 2000 as the Fed raised rates to soak up the excesses of the dot-com bubble. Meanwhile, equities surged under President Barack Obama after his first win in 2008 as the central bank eased policy to help the economy recover from the Great Recession.   Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow jumps more than 400 points to start November as U.S. election looms Election 2020 live updates: Biden leads Trump in Pennsylvania but Arizona is a dead heat, new poll says Coronavirus live updates: WHO chief enters quarantine after potential exposure; Regeneron's antibody drug will be in short supply Changing your portfolio based on this election may be a mistake as the Fed could matter more A complete guide to the different election scenarios and their likely impact on stocks Apple announces event for Nov. 10 where new Macs with Apple chips expected Wall Street traders are having a tough time positioning for the election 'No real hope': Energy stocks aren't worth holding as they sink deeper into the red, two traders say More than 94 million ballots have been cast ahead of Election Day, over two-thirds of 2016's turnout Supreme Court, with Justice Barrett, to hear major LGBT rights case day after election   TOP VIDEO One more day — How markets and the economy are anticipating the election outcome   CNBC PRO Here's a history of stock market performance in the 10 days following elections   SPECIAL REPORTS Election Day anxiety? These 5 activities can help reduce stress while watching returns on Nov. 3 Kamala Harris on being told 'it's not your time' in her career: 'I eat 'no' for breakfast'   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS