Technology company stocks were down in the wake of the United States presidential election on Tuesday, in which Republican Donald Trump outpolled Democrat Hillary Clinton in an outcome that came as a surprise to many.
Companies like Apple which rely heavily on suppliers and manufacturers in Asia could face significant changes in the event of altered, more insular trade agreements.
Statista examined stock prices from major tech companies in the aftermath of the election, comparing opening on Wednesday, Nov. 9 to closing on Tuesday, Nov. 8.
The Republican candidate faced significant antipathy in Silicon Valley. In June Recode published a list of current and former tech industry executives from the private sector who endorsed Clinton, including Executive Chairman Eric Schmidt of Alphabet, former CFO of Boeing James Bell, and Chairman Irwin Jacobs of Qualcomm. Amazon’s Jeff Bezos disagreed with Trump’s business philosophies in a high-profile discussion regarding antitrust laws. Hewlett Packard executive Meg Whitman, who had previously donated to the Republican Party, also supported Clinton.
Filed Under: Industry regulations