4 Reasons Tech Stocks Soared Following the Election
After all the preelection jitters investors displayed, some might have been confused by the market's massive rally -- especially in the tech-heavy Nasdaq Composite -- in the two days following Election Day. Though no victor was declared on Tuesday, the entire technology sector from FAANG stocks to semiconductors gained substantially. Some big names were up by 10% or more on the week.
Some investors expected the opposite. After all, many people feared a contested election. As results come in, bitter partisan divisions remain and legal challenges could lie ahead. However, there appear to be several good reasons for the rise in tech stocks.
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Source Fool.com
