- As major U.S.-based companies Apple (NASDAQ:AAPL -2.6%), Amazon (AMZN -4.8%), Facebook (FB -2.4%), Alphabet (GOOG, GOOGL), Microsoft (MSFT -2.6%) and Netflix (NFLX -5.9%) trade substantially and uniformly off on the day in stark comparison to rallies ongoing in other sectors, observations on root causes vary.
- Theories involve uncertain anticipated adjustments to foreign trade policies, possible domestic regulation modifications, run-ups in the sector prior to Election Day sparking a resulting sell-off, natural portfolio restructuring and campaign rhetoric that is unclear at this point how material it may eventually prove to become.
- The sector remains on close watch until volatility and heavy movement into the red on a near-term basis subsides and implications of a transitioning U.S. government become more clear.