Big Business This Week: What The Blue Wave Means For Markets
They’re calling it a Blue Tsunami, and as the Wall Street cliché goes, a rising tide floats all ships. Well, maybe, but a rising Tsunami tends to sink the ones that aren’t prepared. The major stock indexes are down, after an AI sell off over regulation fears, rising costs and successful anti-data center referendum measures.
IndexTuesday-> WedsThursday middayTotal move since Tuesday Close at midday Thursday
DJIUp 3.93%Down 2.42%0.07%
S&P 500Up 1.46%Down 3.93% Down 2.29%
Nasdaq 100Down 0.36%Down 5.76%Down 4.85%
But nothing is as simple as a two-dimensional stock chart would have you believe, so…
The skinny
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