The prospect of a resolution to the presidential election dispute sent the Dow industrials sharply higher yesterday, but investors were more restrained about high-tech companies amid lingering earnings concerns.

The Dow Jones industrial average soared 187.41 to close at 10,560.95.

Broader indicators were mixed. The Nasdaq composite index, which ended last week down 9%, fell 29.54 to 2,616.75.

The Standard & Poor's 500 index rose 9.74 to 1,324.97.

High on investors' minds was the unresolved presidential election, analysts said.

"Getting the election settled is of primary importance to the markets," said Thom Brown, portfolio manager for Rutherford, Brown & Catherwood.

"The market hates uncertainty. It doesn't really matter who wins. Just getting it over with would help."