Shares of Amazon (NASDAQ: AMZN) climbed on Wednesday, as U.S. election results reduced investors' fears of burdensome regulation on the tech sector.
Amazon has long been the target of antitrust regulators, who have grown weary of the e-commerce and cloud computing titan's ever-expanding size and scope. Yet with the Republicans likely to maintain control of the Senate, even if Joe Biden wins the presidential election, the Democrats may find it challenging to pass legislation geared toward limiting the power of the largest technology companies.
Amazon's stock popped following the U.S. elections. Image source: Getty Images.
Source Fool.com