DOW down as tech shares plummet

The Dow Jones Industrial Average fell 396 points Monday, led by declines in major tech companies. Stocks retreated sharply with shares of technology and internet-related companies dragging the market lower. Facebook led the decline, with its stock dropping almost 6 percent after a recent string of negative media coverage. 

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not only tech stocks, it was generally bad week. That includes Brexit and the Italian budget crisis, which have contributed to market volatility of late. Also, builder confidence fell this month amid concerns over housing affordability issues. Sentiment in the market for new homes dropped eight points to 60 in November in the latest National Association of Home Builders/Wells Fargo Housing Market Index.

 

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3 minutes ago, Meanwhile said:

The Dow Jones Industrial Average fell 396 points Monday, led by declines in major tech companies. Stocks retreated sharply with shares of technology and internet-related companies dragging the market lower. Facebook led the decline, with its stock dropping almost 6 percent after a recent string of negative media coverage. 

Apple dropped 4 percent following reports that it was cutting production on some of its newest iPhone models by as much as a third. Meanwhile, Amazon shares were down 5 percent, while Alphabet was down about 4 percent.

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3 minutes ago, Meanwhile said:

The Dow Jones Industrial Average fell 396 points Monday, led by declines in major tech companies. Stocks retreated sharply with shares of technology and internet-related companies dragging the market lower. Facebook led the decline, with its stock dropping almost 6 percent after a recent string of negative media coverage. 

and I am still holding Micron like Russian bride vodka

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4 minutes ago, Meanwhile said:

The Dow Jones Industrial Average fell 396 points Monday, led by declines in major tech companies. Stocks retreated sharply with shares of technology and internet-related companies dragging the market lower. Facebook led the decline, with its stock dropping almost 6 percent after a recent string of negative media coverage. 

are they rooting for next tax break? January is close

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3 minutes ago, Joanna said:

not only tech stocks, it was generally bad week. That includes Brexit and the Italian budget crisis, which have contributed to market volatility of late. Also, builder confidence fell this month amid concerns over housing affordability issues. Sentiment in the market for new homes dropped eight points to 60 in November in the latest National Association of Home Builders/Wells Fargo Housing Market Index.

 

Just ignore it and move on.

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1 minute ago, Sefko Trafikant said:

are they rooting for next tax break? January is close

The tax cut bump has run its course, the economy is already in year 8 of the Obama Recovery.

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11 minutes ago, Meanwhile said:

The Dow Jones Industrial Average fell 396 points Monday, led by declines in major tech companies. Stocks retreated sharply with shares of technology and internet-related companies dragging the market lower. Facebook led the decline, with its stock dropping almost 6 percent after a recent string of negative media coverage. 

f the US economy is indeed slowing, then the budget deficit huge as it is this next year, will become much larger as tax revenues sag.

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If we think markets are bad now, keep in mind that at the turn of the year most of Trump's tariffs jump from 10% to 25%.

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11 hours ago, Meanwhile said:

The Dow Jones Industrial Average fell 396 points Monday, led by declines in major tech companies. Stocks retreated sharply with shares of technology and internet-related companies dragging the market lower. Facebook led the decline, with its stock dropping almost 6 percent after a recent string of negative media coverage. 

You can thank the Democrats taking over the House of Representatives taking over the House of Representatives, The Fed raising interest rates three times and the recalcitrant Chinese leadership. President Trump knows that it is now or never to oppose the Chinese leadership.

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