While voters cast ballots on president, investors showed up and picked some winners of their own Tuesday during the election.
Here in Connecticut, Hartford-based United Technologies Corp. and Southport-based Sturm Ruger and Company Inc., both enjoyed solid election day gains of better than 2 percent.
With the exception of Ethan Allen Interiors, most area stocks finished up on the day as the markets all rose. The Dow Closed up 1.02 percent to 13,246; the Nasdaq was up 0.41 percent to 3,012 and the S&P 500 gained 0.76 percent to 1,428.
Paul Schatz, a financial advisor from Woodbridge, said the market has been predicting an Obama victory for close to two years, but right before the election, the Dow seemed a little less sure. Schatz said a key number for an Obama victory was 13,200, which the market barely held Tuesday. And he added that no president has been re-elected with an unemployment rate this high.
Here’s some shots of how some of our local companies fared Tuesday:
Election stocks
