California-Amazon Stock, Alphabet, and some other technology companies dropped after the stock market Wall Street asking them to pay infrastructure costs which can give advantages for the stimulus spending was elected u.s. President, Donald Trump.
As Tekno Dalbacak Info quotation from Reuters, Friday (11/11/1999), before Trump's victory, some investors rumoured to be concerned with the uncertainty of the presidential policy that may be taken by Trump.
Therefore, in the last two days before election day, entrepreneurs began looking for other business sectors that might give more profits.
Reuters reported, Amazon's stock value plummeted to the lowest level of 4.7 per cent since July 2016. Meanwhile, shares of the Alphabet down 2.3 percent. Not only that, the shares of Facebook, Apple, and Microsoft each down by 2.7 per cent.
Head of Destination Wealth Management Michael Yoshikami felt that the new Government will not give negative impact to the shares of technology companies.
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"It's (the drop in stock value) only matters relating to the request, so that a rotation going," he said.
In his victory speech, Donald Trump confirms its commitment to increase infrastructure spending while avoiding promises of his campaign that was controversial.
Meanwhile, the index of technology companies S&P 500 SPLRCT down 2 per cent on Thursday and return to normal as usual after dropping sharply in the last two months.
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