Wednesday, January 06, 2021
The stock market day
Tech stocks plummeting – solar stocks are booming
The prospect of a Democratic majority in both houses of Congress is sending tech stocks on Wall Street downhill.
The Nasdaq fell just under a percent when it opened on Wednesday. The US standard stock index Dow Jones, on the other hand, gained 0.4 percent, and the broad S&P 500 barely moved.
In the runoff elections for the US Senate post for the state of Georgia, both seats could go to the party of future President Joe Biden, which also holds the majority in the House of Representatives. This increases the pressure to regulate large technology groups more strictly, it is said. The index for Apple, Amazon & Co. fell by almost two percent. At the same time, investors are betting on additional infrastructure investments, said Neil Wilson, chief analyst at the online broker Markets.com. Speculation that the US economy would be restructured to be more environmentally friendly lifted Invesco's listed solar fund to an eleven-year high of $ 112.95.
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