As stocks pushed back towards yet more record highs, President Trump just took the shine off the day by tweeting against two mega-tech companies…
First it was Google, following up on Peter Thiel’s recent accusations:
There may or may not be National Security concerns with regard to Google and their relationship with China. If there is a problem, we will find out about it. I sincerely hope there is not!!!
— Donald J. Trump (@realDonaldTrump) July 26, 2019
https://platform.twitter.com/widgets.js
And Alphabet is giving back its exuberant gains….
And the Trump tamped down exuberance in Apple:
Apple will not be given Tariff wavers, or relief, for Mac Pro parts that are made in China. Make them in the USA, no Tariffs!
— Donald J. Trump (@realDonaldTrump) July 26, 2019
https://platform.twitter.com/widgets.js
Sending Apple’s shares reeling…
How long before someone explains to Trump that “as goes Apple and Google so goes the US equity market?”
This is one of those days where the S&P 500’s rise comes down to a handful of stocks, well, really just one stock: Alphabet. The parent of Google accounts for ~60% of the index’s point gain.
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com
This post has been republished with implied permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.