01:34 PM EST, 11/05/2024 (MT Newswires) -- US equity indexes rose with government bond yields, while the dollar weakened after midday on election day.

The S&P 500 climbed 1.1% to 5,777.1, with the Dow Jones Industrial Average up 1% to 42,205.2 and the Nasdaq Composite 1.4% higher at 18,429.1. All sectors rose intraday, with technology, consumer discretionary, and industrials among the top gainers.

Most US Treasury yields rose, with the 10-year up one basis point to 4.32% and the two-year rate 2.9 basis points higher at 4.20%.

According to the RealClearPolitics national poll average, Vice President Kamala Harris, the Democratic nominee for president, has a scant lead over Donald Trump, former president and the Republican candidate for the top job. The CBOE Volatility Index slumped 7.6% to 20.31, and the US Dollar index dropped 0.4% to 103.52. As election day moves into ballot counting, Wall Street will monitor the seven key swing states where Harris and Trump are in a dead heat.

"The US presidential election likely will be decided by a few thousand voters across a handful of swing states," Wells Fargo Investment Institute said in a note.

In economic news, the Institute for Supply Management's US services index rose to 56.0 in October from 54.9 in September, compared with expectations for a decrease to 53.8 in a survey compiled by Bloomberg.

Gains in employment drove the improvement in the index to the highest since July 2022, a research note from Oxford Economics said.

"The level is consistent with our view that consumer spending, including on services, will continue at a brisk pace in Q4 and in 2025," Nancy Vanden Houten, Lead US Economist at Oxford Economics, said in the note. "Election uncertainty continues to weigh on sentiment, and we think there is room for further improvement in the index once the outcome of the election is known."

Meanwhile, the S&P Global US services index was revised lower to 55.0 in October from the 55.3 flash reading, compared with expectations for no revision in a Bloomberg survey. The October index was below the 55.2 print in September but still indicated sector expansion, coming in line with most regional services data already released.

In company news, Palantir Technologies ( PLTR ) reported Q3 adjusted earnings and revenue late Monday above market expectations. Shares soared 23% intraday, the top gainer on the S&P 500.

Celanese (CE) shares sank 25% intraday, the steepest decliner on the S&P 500, after the company reported lower Q3 adjusted earnings and sales late Monday.

West Texas Intermediate crude oil rose 0.5% to $71.82 a barrel.

Gold rose 0.2% to $2,752.10 an ounce, and silver advanced 0.5% to $32.78 an ounce.