Wednesday's business headlines

by: Staff Reports

Posted: Nov 4, 2020 / 07:43 AM EST / Updated: Nov 4, 2020 / 07:43 AM EST

INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.

Voting

This is probably the worst case scenario for the stock market.

We have no winner in the presidential election and it looks like at least two states will face legal battles.

The uncertainty and prolonged vote counting is sending stock futures sharply lower.

Oil is down on uncertainty about regulation.

Big tech is higher as nay legislation to break up the companies is on hold.

Health care and pharma are also higher as health care laws and drug prices controls are also uncertain.

Big tech stocks are doing well overnight but they could be in trouble no matter who wins.

Analysts say the antitrust issues have bipartisan support.

Many lawmakers feel companies like Facebook, Google and Twitter are too wealthy and too powerful over information.