Top Nasdaq Stocks Don't Care About the White House: Here's Why

Hundreds of millions of Americans are watching election results trickle in without any firm sense of who will win the presidency. But investors in the stocks that make up the Nasdaq Composite (NASDAQINDEX: ^IXIC) have already received the news they wanted to hear, and the key stock benchmark is soaring in response.

The Nasdaq Composite was up more than 400 points as of 11:30 a.m. EST on Wednesday, approaching a 4% gain for the day. The biggest tech stocks listed on the Nasdaq were the driving force behind the index's rise. To understand the Nasdaq's move, you first have to realize that in large part, the fears of investors in Big Tech now appear to be off the table.

Image source: Getty Images.

Source Fool.com