CNBC Pro

How the Nasdaq and tech stocks became the winner on election night

The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019.
Regis Duvignau | Reuters

There might not have been a winner in the presidential election on Tuesday night, but there was a winner in the financial markets: the Nasdaq 100 and tech stocks broadly.

Futures contracts tied to the Nasdaq 100 index jumped as much as 4% in overnight trading on Tuesday amid a volatile trading session that saw Dow futures register a nearly 800-point swing from high to low. The index was up more than 3%, while the broader Nasdaq Composite gained about 2.6%, shortly after the market opened on Wednesday morning.

More In Investing trends

CNBC ProYes, the Santa Claus rally is real, history shows. How December trading should go
CNBC ProThere’s a ‘great battery race’ ahead says Goldman Sachs. These stocks will win
CNBC ProHow to ride the smart-home mega-trend amid persistent Covid fears