Dow jumps more than 400 points as U.S. stocks close higher ahead of midterm elections

U.S. stocks closed higher Monday, with the blue-chip gauge Dow Jones Industrial Average leading the way up ahead of midterm elections. The Dow
DJIA,
+1.31%
climbed around 426 points, or 1.3%, while the S&P 500
SPX,
+0.96%
gained 1% and the technology-laden Nasdaq Composite
COMP,
+0.85%
rose 0.9%, according to preliminary FactSet data. Americans will vote Tuesday in midterm elections that are being closely watched as Democrats and Republicans battle for control of Congress.