Solar stocks and financials sank on Wednesday, while tech rallied.
Major stock indexes continued their bullish recovery week on Wednesday despite the ongoing uncertainty around who won Tuesday’s presidential election; here are the stocks and sectors that are booming (and the ones that are plummeting) on the prospects of a Biden victory and a Republican-controlled Senate. Wall Street experts predicted a blue wave for months, as polls increasingly pointed to waning support for President Trump. The outcome was expected to hurt industries like big pharma and private insurers but benefit homebuilders and clean-energy providers. Those predictions proved to be wrong and investors saw a reversal of gains and losses that they priced into markets under the expectations of a Democratic sweep.
