Marketplace®

Daily business news and economic stories

Chart of the day: Private prison stocks’ wild ride

The prospect of a Trump presidency helped stocks recover some massive losses from the summer.

Chart of the day: Private prison stocks’ wild ride

Donald Trump’s surprise victory in the presidential election Tuesday sent private prison stocks soaring this week. The president-elect has supported privatization of government services, and portrayed himself as the “law and order candidate.” It’s possible he could reverse the Obama administration’s plans to phase out private prison use, which tanked shares of Corrections Corporation of America and GEO Group Inc. in August. Private prison companies could get another boost from immigration detention centers, following Trump’s stated plan to detain and deport millions.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace Morning Report
    3 hours ago
    7:08
  • Marketplace Tech
    5 hours ago
    11:03
  • Marketplace
    16 hours ago
    25:19
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45