Stocks surge for a second day | Election Day arrives | Cramer says buying opportunity coming
EDITOR'S NOTE
Election Day is upon us and the market surged ahead of the results.
The Dow Jones Industrial Average closed more than 500 points higher Tuesday, or up 2.1%. The S&P 500 rallied 1.8% and the Nasdaq Composite gained 1.9%. Those advances added to Monday's solid performance. The S&P 500 also logged its second-best presidential Election Day performance.
Tuesday's rally came as traders hoped that a clear winner would emerge from the election and that a contested result would be avoided. CNBC's Jim Cramer, however, advised investors to stay on their toes as the market will likely remain volatile after Election Day.
"I think that no matter who wins, you have a quick dip and you have to buy," Cramer said.
Regardless of what happens, CNBC's Tom Franck has you covered with his breakdown of the different election scenarios and their implications for the broader market.
Subscribe to CNBC PRO for access to the livestream of CNBC's special election coverage. Starting at 7 p.m. ET with The News with Shepard Smith we'll be going all through the night until a special edition of "Squawk Box" starting at 5 a.m. ET tomorrow. TOP NEWS
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