**Market Update: Stocks Rise as Investors Await Presidential Election Results**

Major U.S. stock indexes experienced gains at midday Tuesday as the market prepared for the outcome of the U.S. presidential election. The S&P 500, Nasdaq, and Dow Jones Industrial Average all showed positive movements.

Shares in Trump Media & Technology Group, a social media company predominantly owned by former President Donald Trump, soared. This rise came as some prediction markets showed a potential advantage for Trump.

Tesla shares also climbed, buoyed by expectations that the electric vehicle manufacturer could benefit regardless of the election outcome. Meanwhile, Palantir Technologies emerged as the top performer in the S&P 500. The data analytics software maker impressed investors with better-than-expected results, driven by strong demand for its AI platform.

Chipmaker Nvidia saw its shares increase, reclaiming its position as the world's most valuable company by market capitalization, surpassing Apple. On the other hand, Archer-Daniels-Midland experienced a significant drop. The agricultural commodities giant revealed it would be restating previous results due to accounting issues, and its preliminary quarterly profits missed estimates by a wide margin.

Similarly, Celanese shares fell after the chemicals supplier announced a dividend cut and revealed plans to scale back production due to low demand. NXP Semiconductors also faced setbacks, with its shares dropping as the company warned of weakening markets in Europe and the Americas, coupled with reduced demand for industrial products.

In other markets, oil and gold futures saw gains, while the yield on the 10-year Treasury note rose. The U.S. dollar weakened against the euro, pound, and yen. Cryptocurrency prices mostly trended higher, with Bitcoin trading above $70,000 once again.