Dow Jones Soars on Election Day; Walmart Ends Robot Initiative; Nike Plans More Layoffs

The stock market rallied on Tuesday as Americans headed to the polls to vote in the presidential election. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up about 1.75% at 2:10 p.m. EST. The rally comes despite daily cases of COVID-19 remaining near record levels in the United States. Johns Hopkins University reported over 84,000 cases for Monday.

Shares of Walmart (NYSE: WMT) and Nike (NYSE: NKE) rose along with the market on Tuesday. Walmart announced that it was ending a program where it used robots to take inventory, and Nike increased the number of planned job cuts as it reorganizes around direct-to-consumer sales.

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Source Fool.com