The stock market, led south by tech companies and another anti-Amazon tweet from the president, had another bad day. This keeps happening.
Trump tweeted this morning: "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country...not a level playing field!" [Backstory]
The big picture, via the NYT: "The Dow Jones industrial average dropped 1.9 percent, the Standard & Poor’s 500-stock index declined 2.2 percent and the Nasdaq composite slid 2.7 percent, with every firm listed in the Nasdaq 100 index below its previous close."
By the numbers in techworld:
Be smart, via Axios' Dan Primack: "Markets shrugged off Trump tweets for most of 2017, because they expected tax cuts. This year it has nothing new to look forward to. Could be infrastructure, but no one really believes it's actually going to happen."
Kentucky public school teachers and their supporters protest against a pension reform bill outside the Senate chambers at the State Capitol. Photo: Bill Pugliano/Getty Images
President Trump at the 140th annual Easter Egg Roll on the South Lawn of the White House. Photo: Chip Somodevilla/Getty Images