Thursday, March 29, 2018

Economy

Facebook, Amazon, Nvidia, and Tesla stocks fall and drop market. Netflix, Google, and Twitter fall too. Is this the trigger?

Bounce back some today.
"Five titans of tech -- Apple (AAPL), Amazon (AMZN), Google (GOOGL) owner Alphabet, Microsoft (MSFT) and Facebook (FB) -- made up nearly a quarter of the market value of the entire S&P 500 as of the end of February.
Facebook, Google and Amazon have fallen sharply because of the possibility of more government regulations on the tech sector. That's dragged down the whole market.
The S&P 500 has fallen 5% in the past two weeks and the Nasdaq has tumbled 6%. Even the Dow, which has Apple, Microsoft, IBM (IBM), Cisco (CSCO) and Intel (INTC) as members, is down more than 3%.
But the market rebounded Thursday, led by solid gains in Facebook, Google and Apple."
And they represent all the gains.

Even CNBC predicts more pain to come.

Amazon yanks erotic romance novels from searches, hurting those authors. On the other hand, some writers were intentionally misrepresenting their books into the wrong categories.

Tesla's collapse would squander billions in taxpayer subsidies, but it would finally end them.

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