Tech-Stock Futures Fall as Democrats Lead in Georgia Elections
A 25-Year-Old Bet from WIRED cofounder Comes Due: Has Tech Destroyed Society?
April 11, 2021
The Tech That Will Overrun Our Lives in 2021
April 11, 2021
Will from The Wall Street Journal said that U.S. tech-stock futures tumbled Wednesday as investors bet that the Democrats were poised to take control of the Senate following early results from Georgia’s runoff elections.
Futures tied to the technology-heavy Nasdaq-100 index fell 2.1% on expectations that a Democrat-controlled Congress would lead to higher taxes and tighter regulations on tech giants. S&P 500 futures were down 0.3%.
Dow Jones Industrial Average futures rose 0.3%, while those tied to the Russell 2000, which tracks smaller stocks, jumped 2.7%. Both indexes are filled with companies beaten down by the coronavirus pandemic that stand to benefit from higher fiscal spending.
Breaking news and analysis from the U.S. and around the world at WSJ.com. Politics, Economics, Markets, Life & Arts, and in-depth reporting.
