Tech stocks curbed steep losses, turning higher Wednesday morning, despite a likely Democratic control of the legislative and executive branches.

The Nasdaq was modestly higher, recovering from a drop of more than 2%, as marquee names including Apple, Facebook and Amazon trimmed losses.

The Dow Jones Industrial Average rose over 400 points led by Caterpillar and JPMorgan.

The S&P rose powered by financials and materials.

Join BJL on WhatsApp Status: Click here to Join BJL status for engagements, births, deals, levayos, events & more

Join BJL on WhatsApp Groups: Click here to Join an official BJL WhatsApp group for breaking news as it happens

Fox News projects that Democratic challenger Raphael Warnock defeated incumbent Republican Sen. Kelly Loeffler, while the race between Republican David Perdue and Democratic challenger Jon Ossoff was too close to call.

Stocks that may benefit from a Democratic win include solar and green energy names which are seeing some action. Read more at FOX Business