Here’s what we are watching as markets kick into gear Wednesday.
— U.S. stock futures turned higher after late-reporting votes in the still-uncertain election came in for Joe Biden. Bets on the market’s most enduring winners—technology stocks—are particularly popular. Read our full market wrap here.
—What’s coming up. The counting of mailed-in ballots is likely to continue for some days, with the focus remaining on key battleground states.
Market Movers to Watch
Technology stocks rallied strongly overnight, led by market-heavyweights
Some investors said they were seeking refuge in the stocks that have driven the rally this year.
surged over 17% ahead of the New York open, while rival
gained almost 13%. Overnight, California voters exempted the two companies from reclassifying their drivers as employees, according to the Associated Press.
Tesla, which has been another market darling this year, climbed almost 3% premarket. It has rallied 407% this year.
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