Business
Why the Afterpay (ASX:APT) share price is tumbling today
The Afterpay Ltd (ASX: APT) share price has struggled in the new year, falling almost 10% in just the last two ASX market sessions.
Tech-heavy Nasdaq selling off
The Nasdaq Composite (INDEXNASDAQ: .IXIC) has fallen 0.61% despite the S&P 500 Index (INDEXSP: .INX) and Dow Jones Industrial Average (INDEXDJX: .DJI) pushing a respective 0.57% and 1.44% higher.
The broad weakness in the tech sector is likely a result of changes in the balance of power in US politics. With the Democrats taking control of the Senate raising the threat of increased regulation.
For two years, a Republican-controlled Senate bottled up a vast majority of legislation coming out of the Democratic-controlled House of Representatives. The control of…
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