Post-election rally | Trump mounts vote count fight | Paths to victory

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.

VIEW IN BROWSER | SUBSCRIBE WED, NOV 04, 2020 EVENING BRIEF AS OF WED, NOV 04, 2020 • 04:26 ET DJIA 27847.66 +1.34% +367.63 S&P 500 3443.44 +2.20% +74.28 NASDAQ 11590.78 +3.85% +430.21   Most Active DOW NAME LAST CHG %CHG AAPL 114.95 +4.51 +4.08% MSFT 216.39 +9.96 +4.82% INTC 45.70 +0.85 +1.90% S&P 500 NAME LAST CHG %CHG AAPL 114.95 +4.51 +4.08% GE 7.85 UNCH UNCH BAC 23.68 -1.01 -4.09% NASDAQ NAME LAST CHG %CHG AAPL 114.95 +4.51 +4.08% AMD 81.35 +4.77 +6.23% AAL 11.01 -0.24 -2.18%   EDITOR'S NOTE With the presidential election still too close to call, investors piled into the mega-cap tech darlings that have proved to be the market's most resilient winners this year.   Wednesday's technology rally pushed the S&P 500 up as much as 3.5% at one point, and extended this week's advance to more than 5%.  Many believe the strength came from the dimming hopes for a "blue wave" outcome where Democrats get control of both the White House and the Senate. Such a scenario could result in higher corporate taxes and tighter regulations, which would cause outsized damage to high-growth tech companies.   "Divided government should take tax increases off the table while reducing (but not eliminating) a large stimulus package that would have increased economic reflation," Barry Bannister, head of institutional equity strategy at Stifel, said. "We prefer growth stocks."   Still, some on Wall Street are warning that the possibility of a prolonged and contested election could trigger a painful sell-off in the short term. Yun Li | CNBC Markets and Investing Reporter @YunLi626 TOP NEWS  Stocks rise in post-election rally even as winner remains unclear, S&P 500 jumps 2% Latest election 2020 live results and updates Here's why the stock market is rallying even though the election outcome is still uncertain Trump campaign says it is suing to stop Michigan ballot count, demanding access to tally sites as he faces tight race with Biden The ways Joe Biden or Donald Trump would get 270 electoral votes and the White House Postal Service data shows poor mail-in ballot delivery rate in key swing states, judge suggests Postmaster General DeJoy might have to testify Here's how to trade potential gridlock in Congress with a Biden presidency McConnell says reaching an economic stimulus deal is 'job one' when Senate returns Trump campaign says it will request a recount in Wisconsin Oregon becomes first state to legalize magic mushrooms as more states ease drug laws in 'psychedelic renaissance'   TOP VIDEO Why a split Congress and White House looks good for the economy: Wharton's Jeremy Siegel   CNBC PRO CNBC PRO Talks: Analysts break down why market may have gotten the 'best outcome'   SPECIAL REPORTS Election Day voting is over. Here's the likelihood of a second $1,200 stimulus check being passed by January Nearly $1 billion worth of bitcoin linked to Silk Road black market is on the move, analysis shows   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS