BUZZ - Prison operator stocks drop after Democrats score sweeping victory in congressional elections
路透社2026/11/04 13:18November 4 - ** After the Democratic Party scored a sweeping victory in the US midterm elections, shares of US prison operators fell in pre-market trading
** On Tuesday, the Democratic Party (link) took control of both the Senate and the House of Representatives, reversing the Republicans’ traditional dominance for the first time in generations, representing a major setback for President Donald Trump
** Shares of prison operators GEO Group GEO.N and CoreCivic CXW.N dropped by 6.7% and 5% respectively
** Since Trump was elected president two years ago, these two stocks had surged, as his (link) crackdown on illegal immigration increased the demand for detention facilities
** Since Trump’s victory in the November 2024 election, CXW stock has more than doubled, while GEO stock has soared nearly 86%
(To assist those whose native language is not English, Reuters has automatically translated its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for readers’ convenience. Reuters accepts no liability for any damage or loss arising from use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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