The post-election stock market rally sure has been something to see. What started as an 800 point drubbing in the Dow futures market on election night has turned into a nearly 3% gain in the S&P 500 since that day (keep in mind that the S&P 500 already had rallied in the days leading up to the election as well). Most of the market has done very well but there are some stocks that have gotten left behind.
The big name tech companies that have led the market over the past few years saw their share prices drop as investors contemplated the impact of a Trump presidency. The initial snap reaction might be to think that tech could be a loser. After all, Trump has been critical of companies that manufacture and import parts and supplies from overseas. Bringing back at least some of that business could impact the bottom lines of these companies since operating expenses would be expected to rise. His war on places like Mexico and China could make things much more costly for tech companies in the near future.
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