Tech Stocks Slide as Wall Street Eyes Democrat-Controlled Senate

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Shares of large technology companies including Apple, Google, Amazon and Facebook fell in pre-market trading Wednesday, as the Senate runoff races in Georgia were leaning toward giving Democrats co…

fell in pre-market trading Wednesday, as the Senate runoff races in Georgia were leaning toward giving Democrats control of the chamber — raising concern among investors over the prospect of new regulatory actions against tech giants.

For tech investors, the prospect of a Democrat-controlled Senate — along with a blue majority in the House and Joe Biden in the White House — is “a clear negative,” Wedbush Securities analyst Dan Ives wrote in a research note.

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xpangler They all look up to me?

Oh, no - Wall Street is scared? Horrors.

good

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