Renewable energy, pot stocks top losers as election results leave Wall Street hanging

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Renewable energy and cannabis-related stocks, tipped to gain under a Joe Biden administration, were among the hardest hit on Wall Street on ...

REUTERS: Renewable energy and cannabis-related stocks, tipped to gain under a Joe Biden administration, were among the hardest hit on Wall Street on Wednesday, as traders adjusted to overnight results that left the presidential election hanging in the balance.

Another instrument representing the developing sector, the iShares Global Clean Energy ETF , fell 2per cent.Major cannabis producers surged after the vice presidential debate, when vice-presidential candidate Kamala Harris said marijuana would be decriminalized at the federal level under a Biden administration.The ETFMG Alternative Harvest ETF slipped 1.9per cent, putting it on track for its worst day in nearly two months.

 

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