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, tumbled.
