Stocks Surge as Wall Street Awaits Election Results

Stocks rose Wednesday but uncertainty gripped Wall Street as critical battleground states remained too close to call in the presidential election between Donald Trump and challenger Joe Biden.

Exactly what investors feared likely will take place: The counting of ballots could be a long and drawn out process and the winner might not be declared for several days.

The Dow Jones Industrial Average rose 248 points, or 0.9%, to 27,728, the S&P 500 gained 1.6% and the Nasdaq jumped 2.66%.

Tech stocks including Apple  (AAPL) – Get Report were rising Wednesday as investors bet on growth and pandemic stocks in advance of a possible re-election for Trump as well as Republican control of the Senate. 

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