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Dow drops 200 points as White House chaos continues
| 03/13/2018 | Posted by BusinessMediaguide.Com under General World News |
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- 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
