Apple, Google Tumble After Trump Tweets

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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:

And Alphabet is giving back its exuberant gains….

And the Trump tamped down exuberance in Apple:

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.

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