Dow drops 200 points as White House chaos continues

• Stocks fell Tuesday after President Donald Trump unexpectedly blocked the Broadcom-Qualcomm merger and ousted Secretary of State Rex Tillerson.
• GE was the worst Dow Jones component, followed by Microsoft.

The Dow Jones industrial average dropped nearly 200 points, or 0.68%, Tuesday as Wall Street processed President Donald Trump’s blocking of Broadcom’s proposed takeover of a US competitor and a surprise change of the US’ top diplomat.

The S&P 500 fell 0.64% while the Nasdaq lost 1.03%.

The White House issued a highly unusual executive order blocking Broadcom’s $117 billion offer to buy competing chipmaker Qualcomm on the grounds of read more >>>

Source:: BusinessInsider.Com