Tech Stocks Lead Volatile Rally as Election Results Come In

Investors doubled down on bets on the market’s most enduring winners as tallies showed President Trump and Democrat Joe Biden are locked in a tight race in a few key states.

Markets were choppy early Wednesday as election results showed that it will be a close contest. With uncertainty hanging high, traders appeared to be reverting to some of the most trusted trades of the past few years: betting on technology stocks rising, currencies in emerging markets falling and bond yields, which move inversely to prices, retreating…

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