Dow falls nearly 800 points — wiping out post-election Trump surge as tariffs take effect
Wall Street reeled after President Trump’s tariffs went into effect Tuesday, with the Dow Jones Industrial Average plunging nearly 800 points, around 1.9%, at 11 a.m. ET — wiping out all of the blue-chip index’s gains since the election.
The broad-based S&P 500 and tech-heavy Nasdaq also suffered declines of nearly 2% as all three major indexes extended Monday’s losses.
Read MoreThe Burst
Is Amazon the BEST Deal in the Market Now?
Investors with the foresight to buy Amazon stock during its May 1997 IPO have realized astonishing returns. Since its launch, Amazon stock has gained more than 125,700 percent, and it is preparing for a stock split that is likely to deliver additional returns.
However, recent events have some investors thinking that Amazon’s winning streak is over,
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Read MoreThe Ivy
Market Commentary: 18.6% of Bill Gates Portfolio In 1 Canadian Stock
It’s no surprise that the top position in Bill Gates’ portfolio is Microsoft. As co-founder and former CEO, he led Microsoft to enormous success and the current CEO, Satya Nadella, picked up the baton and added hundreds of billions of more value to the firm when he transformed it to a cloud-focused business.
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