Stocks traded higher on relief that the presidential elections were finally over, but perhaps more importantly stocks were steady because the market has calmed down considerably in the last four days.
The CBOE Volatility Index (VIX) declined for the fourth day, and is nearly 50 percent below its high of 89 on October 24th. LIBOR rates continue to drop, down for the 17th straight day to the lowest levels since June.
Commodities and energy stocks rallied, the dollar was weaker. Commodity and energy stocks were again the market leaders. Volume was light.
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