The odds that Democrats take control of the Senate are greater than ever the day after the Georgia Senate runoffs, and the stock market is already unraveling some of the gains and losses priced in under the expectations of a split Congress, as investors look toward ramped-up spending in industries like clean energy but also heightened regulation that could cripple big tech.... [+]As of 10:45 a.m. EST, the Dow Jones industrial average was surging 410 points, or 1.
Due to renewed expectations of heightened regulation, many of the day's underperformers are in technology, and namely big tech, with Facebook and Apple each shedding 1.5% while Microsoft and Netflix fell 1% and 2%, respectively Other tech firms headed up losses in the S&P: Chipmaker Nvidia and software companies Synopsys, ServiceNow and Adobe were all down about 3%.
On the bright side: Shares of clean energy providers, who experts believe could boom under a Democrat-controlled government, headed up market gains, with First Solar, Enphase Energy and SolarEdge Technologies climbing 8%, 11% and 9% respectively. Meanwhile, building-material company Martin Marietta and construction firm Vulcan Materials shot up 7% and 6%, reflective of expected spending under infrastructure plans long touted by the incoming administration.
Bitcoin can’t wait for student loan forgiveness cylertoleman
Rightfully so. Tech is the reason all these frauds and poor ppl want to vote. iPhone ought to be banned. This is where the 2000 check is going, you know.
Too bad!
More good news please((( Merry Christmas))
Which is awful for Americans
“Full government control” is paranoid framing. It’s generally called “regulation.”
Didn’t trump also try full control on tech companies but it didn’t work
That's because Zuck is about to become regulated
My stocks really sucked today 😂😂😂 Not
MidweekGloriousWord 성경을 읽고 자신의 삶을 변화시키는 데에 사용하는 사람은 복이 있습니다~~~!!!
David Dobrik If We Win This Game You Have To Come Work For Me/Call Of Duty warzone
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