STOCKS RISE AS AMERICA VOTES: Here's what you need to know

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Stocks headed higher for the day as Americans took to the polls, marking the end of the US presidential campaign.

Based on most proxies, it appears the market is pricing in a victory by Democratic presidential nominee Hillary Clinton.

We'll have coverage of the election results and the market reaction throughout the night, so check out the live blog for all the latest updates.

We've also got the headlines of the day, but first, the scoreboard:

  1. The Mexican peso jumped more than 1% against the US dollar. The peso is seen as a proxy for Republican nominee Donald Trump's chances, since his policies have generally been seen as a negative for the Mexican economy. Thus, as the currency strengthened markets are thought to be discounting his victory.
  2. US Treasurys also sold off. Investors also sold safe haven assets such as US government bonds, with the yield of the US 10-year jumping 3.4 basis points.
  3. Rental car company Hertz collapsed after abysmal earnings. The firm posted earnings per share of $1.50 per share against analyst estimates of $2.73. The stock fell nearly 50% to start the day, but ended down only 25%.
  4. Valeant collapsed after weak earnings and lower guidance. The troubled pharmaceutical company adjusted its expected annual earnings down to a range from $5.30 to $5.50 per share from the previous estimate of $6.60 to $7.00. Also Business Insider's Linette Lopez and Matt Turner got their hands on some internal documents detailing the company's relationship with former specialty pharmacy affiliate Philidor.
  5. CVS tanked after poor earnings. The pharmacy and retailer dropped over 11% in trading on Tuesday after lowering its earnings forecast and posting net revenue below expectations. CEO Larry Merlo cited "slowing prescription growth" as the reason for the lower guidance.
  6. Job openings rose in line with expectations and layoffs are at a record low. The JOLTS report showed job openings in the US rose to 5.486 million and layoffs and discharges as a percentage of total employment fell to 1.1%, the lowest since 2001.

RELATED: Security intensifies during presidential election

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Heightened security for presidental election
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Heightened security for presidental election

Members of the New York Police Department's Counterterrorism Bureau stand watch outside U.S. Republican presidential nominee Donald Trump's Trump Tower ahead of the U.S. presidential election in Manhattan, New York, U.S., November 7, 2016.

(REUTERS/Andrew Kelly)

New York City policemen await assignments during a muster outside the Javits Center where Democratic Presidential nominee Hillary Clinton is due to give her election night address on November 7, 2016 in New York City. Both Clinton and Republican candidate Donald Trump are spending election night in New York City.

(Photo by John Moore/Getty Images)

Members of the U.S Army National Guard monitor the Oculus transportation hub ahead of the U.S presidential election in Manhattan, New York, U.S., November 7, 2016.

(REUTERS/Andrew Kelly)

A member of the New York Police Department's Counterterrorism Bureau monitors the National September 11 Memorial and Museum ahead of the U.S presidential election in Manhattan, New York, U.S., November 7, 2016.

(REUTERS/Andrew Kelly)

Members of the U.S Army monitor Grand Central Station ahead of the U.S presidential election in Manhattan, New York, U.S., November 7, 2016.

(REUTERS/Andrew Kelly)

Members of the New York Police Department's Counterterrorism Bureau stand with a doorman outside U.S. Republican presidential nominee Donald Trump's Trump Tower ahead of the U.S. presidential election in Manhattan, New York, U.S., November 7, 2016.

(REUTERS/Andrew Kelly)

A New York City Police Department officer stands at Times Square in New York, U.S., November 7, 2016.

(REUTERS/Shannon Stapleton)

An officer with the New York Police Department Transit Bureau K-9 unit walks through Times Square in New York, U.S., November 7, 2016.

(REUTERS/Shannon Stapleton)

A member of the New York Police Department's Counterterrorism Bureau stands guard outside the New York Hilton Midtown where Republican presidential nominee Donald Trump's election night rally will take place in Manhattan, New York, U.S., November 7, 2016.

(REUTERS/Andrew Kelly)

NEW YORK, NY - NOVEMBER 7: New York City Police vehicles are parked in Times Square ahead of a press conference with Mayor Bill de Blasio and NYPD Commissioner James O'Neill, November 7, 2016 in New York City. With both presidential candidates holding their election night events in New York City, the NYPD has stepped up security ahead of election day.

(Photo by Drew Angerer/Getty Images)

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ADDITIONALLY:

The companies that could be the biggest winners of a Trump or Clinton presidency.

The market's pre-election freak-out isn't that unusual.

There's only one place in the world to be an investment banker.

NOW WATCH: LIZ ANN SONDERS: The most unsettling outcome for the markets would be a surprise Trump win

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SEE ALSO: FOLLOW BUSINESS INSIDER'S LIVE ELECTION BLOG FOR THE LATEST UPDATES

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Markets

S&P 500 2,241.35 29.12 1.32%
DJIA 19,549.62 297.84 1.55%
NASDAQ 5,393.76 60.76 1.14%
DAX 11,016.01 29.32 0.27%
HANG SENG 22,861.84 60.92 0.27%
NIKKEI 225 18,765.47 268.78 1.45%
USD (per EUR) 1.08 0.00 0.36%
USD (per CHF) 1.01 0.00 -0.16%
JPY (per USD) 113.57 -0.14 -0.12%
GBP (per USD) 1.27 0.01 0.60%

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