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8B Daily News– Wednesday, November 7, 2012 NEW YORK (AP) — Major stock-market index- es climbed Tuesday as investors waited for the fin- ish of a closely fought U.S. presidential election. ''We're on pins and nee- Stocks rise as investors wait for a winner Wall Street dles,'' said Phil Orlando, chief equity strategist at Federated Investors, a money management firm. Orlando, who backs Republican Mitt Romney, said he thought the stock- market's gains reflected optimism that Romney could win. The Dow Jones industri- al average rose 133.24 points to close at 13,245.68. investors believe would benefit under a potential Romney administration surged ahead. They includ- ed United Technologies Companies that and Boeing, which do sub- stantial business with the Defense Department. Four financial compa- nies — Travelers, Ameri- can Express, JPMorgan Chase and Bank of Ameri- ca — ranked among the 10 biggest gainers in the 30- stock Dow average. Other investors say that they simply want the elec- tion behind them. That will allow Wall Street and Con- gress to shift their attention to the so-called fiscal cliff, a package of tax increases and government spending cuts scheduled to take effect Jan. 1. day, the Standard & Poor's 500 index rose 11.13 points to 1,428.39, while the Nas- In other trading Tues- daq composite index gained 12.27 points to 3,011.93. Barack Obama. The price of crude oil jumped $3 to $88.71 in New York as reports sug- gested that Superstorm Sandy caused a drop in gasoline supplies. That also helped lift stocks in petro- leum refiners. Tesoro Corp and Phillips 66 each rose 5 percent. In the market for gov- ernment bonds, the yield on the benchmark 10-year U.S. Treasury note rose to 1.75 percent. That's up from 1.68 percent late Monday. Even with the surge On Election Day 2004, the prospect of a close elec- tion led to a late sell-off, and the Dow finished down 18 points, snapping a five- day winning streak. John Kerry didn't concede to George W. Bush until the following day. Among other stocks making big moves Tues- day: Tuesday, it remained a qui- eter Election Day for the stock market than last time. During the financial meltdown four years ago, big swings in the market became commonplace. On Nov. 4, 2008, the Dow shot up 305 points, easily the biggest Election Day rally of all time. Investors expected a victory for ny Medifast rose $2.29 to $29.11 after reporting that its quarterly earnings increased more than 40 percent as expenses fell. — Express Scripts sank $7.73 to $55.15. The phar- macy benefits manager warned that persistently high unemployment and economic uncertainty would hurt its business next year. — Weight-loss compa- Fear of looting grips NYC as new storm threatens NEW YORK (AP) — Richard Chan prowled around his cold, dark Staten Island home with knives and a sword to protect it from thieves, standing his ground as another East Coast storm threatened and police went through neigh- borhoods with loudspeakers warning people to get out. ''I still have some valu- ables. I just can't leave it,'' he said Tuesday. ''I just don't want to lose my stuff to some dirtbag.'' While city officials strongly encouraged storm- ravaged communities to seek higher ground before Wednesday's nor'easter, Chan was among a group who adamantly refused to leave, choosing to stick close to the belongings they have left. Since the superstorm made landfall more than a week ago, killing 40 people in the city, more than 100 in 10 states and leaving mil- lions without power, police said overall crime has actu- ally gone down, not up. There are few reports of looting storm-damaged homes. convinced. The nursing home worker planned to ride out the latest storm in his first-floor Rockaway But Alex Ocasio wasn't apartment — even after see- ing cars float by his front door during Sandy. As the water receded, men dressed in dark clothes broke down the door and were surprised to find him and other residents inside. ''They tried to say they were rescue workers, then took off,'' he said. He put up a handmade sign — ''Have gun. Will shoot U'' — outside his apartment and started using a bed frame to barricade the door. He has gas, so he keeps on the oven and boils water to stay warm at night. ''It gets a little humid, but it's not bad,'' he said. ''I'm staying. Nothing can be worse than what happened last week.'' of the worst-hit areas, night- fall brings with it fears of looting, burglaries — even In the Rockaways, one armed robberies. The idyllic seaside boardwalk was in ruins, streets were covered with sand and cars scattered like trash. ''You can't go there after dark anymore,'' said 57- year-old construction work- er William Gavin, pointing to a battered, lower-income section of his beachfront community. ''It's a good way to get a gun pulled on you.'' This coupon entitles the bearer to 20% off the standard room rate. Good only at: The Inn at Rolling Hills in Corning, California 2645 Everett Freeman Way, Corning, CA 96080 Call for a reservation today: 530-824-8300 Coupon must be presented at time of check in, and may not be combined with any other discount. Please call ahead, offer excludes blackout dates and is based on availability. Good Sun. through Thurs. Valid November 2012 - March 2013