US stocks headed higher in opening trade as the country went to the polls to choose between Barack Obama and Mitt Romney for president, with the economy the key issue in the tight election.
With Wall Street more behind the president's challenger Romney, who supports low investment-related taxes, the Dow Jones Industrial Average was up 44 points (0.34 per cent) at 13,156.44 after five minutes of trade on Tuesday.
The broad-based S&P 500 added 3.29 (0.23 points) to 1420.55, while the Nasdaq Composite rose 2.68 (0.09 per cent) to 3002.34.
The dollar was down slightly against the euro, at $1.2809, while bonds were flat.
"The presidential race is considered too close to call. That probably means the nation is in store for a long night of political intrigue," said Patrick O'Hare of Briefing.com.
"Let's hope, however, that by this time tomorrow we at least know who has been elected president. There is a risk that we won't and that won't be a good thing."
Markets have been essentially flat for a week ahead of the vote, with corporate earnings and earnings forecasts keeping a damper on sentiment.
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