Showbiz shares and the broad market rose sharply in the wake of what looks increasingly like a Democratic sweep in the Georgia Senate runoffs.
The Dow Jones Industrial Average and S&P 500 hit intraday highs.Only the tech-heavy Nasdaq (which fell sharply early the session before creeping out of the red) wavered.
Apple remains off 1.5%, Facebook down 1.6% and Amazon lower by 0.8% in late morning trade. Netflix was pulled down too with shares off 2%.
Market watchers cited jitter that the Dems may boost scrutiny of the sector, but also noted that these big growth stocks are high priced, having surged in a 2020 dominated by the global coronavirus pandemic.Wednesday was a chance for others to shine with the DJIA (up more than 500 points or 1.7%),
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