https://techcrunch.com/2020/11/03/tech-stocks-rip-higher-on-election-day/ > Tech stocks shot higher as American voters went to the polls, the gains coming far ahead of results that could indicate who will win the presidency. > American stocks broadly rose, with the S&P 500 index rising just over 2% while the tech-heavy Nasdaq Composite is up just under 2%. SaaS and cloud-focused shares are up a slimmer 1.8% as of the time of writing.