U.S. stocks climbed on Wednesday, led by tech shares, even as the results of the presidential contest so far failed to yield a clear winner.
The Dow Jones Industrials raced ahead 554.89 points, or 2%, carrying on from Tuesday's mammoth rise, to 28,024.92.
The S&P 500 jumped 92.6 points, or 2.8%, to 3,461.44.
The NASDAQ popped 444.27 points, or 4%, in Wednesday's first hour to 11,606.83.
President Donald Trump is projected to win the presidential vote in Florida, Indiana and Kentucky along with South Dakota, Arkansas and Ohio, media reports said. Trump is also projected to win Alabama and North Dakota. Biden is projected to win Vermont, Delaware, Maryland and Massachusetts as well as Colorado, New York and Virginia.
Shares of major tech-related companies jumped with Amazon, Apple and Microsoft all up at least 3%. Facebook popped 7%, while Google-parent Alphabet jumped more than 5%.
Prices for the 10-Year Treasury climbed, reducing yields to 0.76% from Tuesday's 0.90%. Treasury prices and yields move in opposite directions.
Oil prices picked up 56 cents at $38.22 U.S. a barrel.
Gold prices sagged $5.40 to $1,905.