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Wall Street Week Ahead: Big tech stocks may face post-election headwinds, no matter who wins

  • 📰 Reuters
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Some investors are betting the technology and communications stocks that drove a massive rebound in U.S. markets this year will face a tougher slog in coming months, no matter whether Republican President Donald Trump or Democratic challenger Joe Biden wins Tuesday's election...

now make up approximately 23% of the total weight of the S&P 500, according to S&P Dow Jones Indices, giving their gyrations an outsized impact on broader markets.

“It has become more difficult for mega-cap tech to surprise on the upside,” analysts at UBS Global Wealth Management said in a note Friday. A shift to value stocks “is increasingly likely over the next 12 months,” said Eduardo Costa, who runs hedge fund Calixto Global Investors, LP.

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