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1 month ago
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Tech Stocks Gain But Apple and Meta Lag Behind Amid Election results
The marketplace looks to beryllium broadly affirmative astir the prospects for exertion stocks during a 2nd word arsenic president for Donald Trump but the imaginable of tariffs appeared to beryllium weighing connected Apple, portion Meta Platforms was suffering.
The largest tech companies were mostly participating successful the rally caused by Trump’s apt victory. Google-parent Alphabet was climbing 2.1%, with investors possibly hoping for an easing of antitrust pressures connected the company. Microsoft and Amazon.com were besides rising.
“We would expect important AI initiatives from the Beltway wrong the US that would beryllium a payment for Microsoft, Amazon, Google, and different tech players [during a Trump presidency],” wrote Wedbush expert Daniel Ives successful a probe note.
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