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Author Topic: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet  (Read 1113 times)

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Offline ABX

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Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« on: April 02, 2018, 05:59:34 pm »
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Amazon tumbles some 5% Monday, down more than 8% over the past month...

....U.S. stocks fell sharply Monday, with the Nasdaq turning lower for 2018 and threatening to drop into correction territory, in just the latest instance of heavy intraday volatility.
The technology sector extended its recent decline, with large-capitalization internet and tech shares leading the market lower. Concerns about trade policy also drove selling and indicated that the volatility that marked the final weeks of the first quarter hadn’t fully played out....

https://www.marketwatch.com/story/losses-for-tech-stocks-could-reboot-as-investors-return-from-easter-break-2018-04-02


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Offline andy58-in-nh

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #1 on: April 02, 2018, 06:34:38 pm »


NASDAQ is down -3.18% real time. Dow was down almost -700...   back now to -642.  Tough day.
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Offline WingNot

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #2 on: April 02, 2018, 06:43:48 pm »
Quote from: andy58-in-nh on April 02, 2018, 06:34:38 pm

NASDAQ is down -3.18% real time. Dow was down almost -700...   back now to -642.  Tough day.

Trump Tweets.  The market Falls.   What a country! :cool:
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Offline Weird Tolkienish Figure

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #3 on: April 02, 2018, 07:00:02 pm »
Quote from: andy58-in-nh on April 02, 2018, 06:34:38 pm

NASDAQ is down -3.18% real time. Dow was down almost -700...   back now to -642.  Tough day.

For nothing. Other than Trump deciding to attack for no reason.

Status quo was fine.
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Offline ABX

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #4 on: April 02, 2018, 07:02:20 pm »
Quote from: Weird Tolkienish Figure on April 02, 2018, 07:00:02 pm
For nothing. Other than Trump deciding to attack for no reason.

Status quo was fine.

We hope it is for no reason versus purposefully manipulating stock prices for personal (or family) gain.
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Offline truth_seeker

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #5 on: April 02, 2018, 07:16:36 pm »
http://fortune.com/2017/07/16/amazon-postal-service-subsidy/

The U.S. Postal Service and Amazon have a special relationship. In 2013, for instance, the USPS agreed to offer Sunday delivery of Amazon packages.

But shipping industry watcher and money manager Josh Sandbulte thinks there’s an ugly underside to the USPS-Amazon collaboration. Sandbulte, writing in the Wall Street Journal last week, argued that the USPS effectively subsidizes the price of shipping Amazon’s packages.

According the Sandbulte, Congress has barred USPS from setting its parcel prices below its costs, to keep it from unfairly undercutting competitors like FedEx and UPS. But the formula for calculating those costs, set in 2006, hasn’t kept pace as packages have come to make up a higher and higher percentage of USPS volume. The law set the share of infrastructure costs associated with packages at 5.5%, but boxes now make up around 25% of Postal Service revenue.

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Offline Gefn

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #6 on: April 02, 2018, 07:18:20 pm »
Stocks are also down because Apple is going to stop using intel chips by 2020 and use their own..
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Offline ABX

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Re: Stock tumble sends tech-heavy Nasdaq near correction territory; Amazon whacked by Trump tweet
« Reply #7 on: April 02, 2018, 07:23:07 pm »
Quote from: truth_seeker on April 02, 2018, 07:16:36 pm
http://fortune.com/2017/07/16/amazon-postal-service-subsidy/

The U.S. Postal Service and Amazon have a special relationship. In 2013, for instance, the USPS agreed to offer Sunday delivery of Amazon packages.

But shipping industry watcher and money manager Josh Sandbulte thinks there’s an ugly underside to the USPS-Amazon collaboration. Sandbulte, writing in the Wall Street Journal last week, argued that the USPS effectively subsidizes the price of shipping Amazon’s packages.

According the Sandbulte, Congress has barred USPS from setting its parcel prices below its costs, to keep it from unfairly undercutting competitors like FedEx and UPS. But the formula for calculating those costs, set in 2006, hasn’t kept pace as packages have come to make up a higher and higher percentage of USPS volume. The law set the share of infrastructure costs associated with packages at 5.5%, but boxes now make up around 25% of Postal Service revenue.

snip

It is called bulk discount and is part of negotiating. The President should stay out of this.
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