U.S. stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight U.S.

A broad Election Day rally pushed U.S. stocks higher, with shares of consumer-discretionary firms, industrials and utilities leading the way.Major indexes climbed. All 11 S&P 500 sectors gained ground,

US stocks moved higher Tuesday as Americans cast their vote in a tight presidential race. The Dow was up by around 380 points, or 0.9%; the S&P 500 was 1% higher and the Nasdaq Composite gained 1.4% by mid-afternoon Tuesday. Treasury yields also rose, with the 10-year topping 4.3%. The dollar ticked down.

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