NYSE: Traders Cheer News of Bannon’s Exit…Then Stocks Sink
Huzzah, however, soon turned to Oops.

Huzzah, however, soon turned to Oops.
Shares of many of the companies whose CEOs rebelled against Trump saw there biggest declines in months.
The largest decline since September 2016.
Investors have clearly been spooked by the leak storm swirling around the White House.
Millennials who rushed to buy shares of the company behind Snapchat lost a lot of money this week.
No modern president taking office in an expanding economy has seen stocks rise by as much in his first 100 days in office as they did during Trump’s.
Despite the scary headlines about the “longest losing streak,” it’s the markets resilience that is truly remarkable. Many analysts and talkative investor-types had insisted the market would view the Obamacare replacement bill as a test of the Trump administration’s ability to enact its agenda. So when the bill seemed to be in trouble last week and, especially, when it went down in flames on Friday, stocks were widely expected sell off steeply. But that just keeps not happening.
Analysts are warning that Disney’s stock may run flat this year, not because it is doing so badly but because one of its properties, ESPN, has become a major drag on the entertainment giant’s budget.
Waking to the fact that the death of RyanCare won’t kill tax cuts or regulatory reforms, cooler heads are prevailing on Wall Street.
Many of the wizards of Wall Street predicted stocks would slump if Donald Trump won the presidency. Now they’re worried that stocks could be vulnerable if President Trump’s agenda stalls in Washington, D.C.
Despite investor confidence and soaring stock prices, Amazon’s fourth-quarter earnings in 2016 fell below expectations.
Weight loss company Weight Watchers International Inc. has seen $1.2 billion in value disappear over the last 11 months — leaving major shareholder and media mogul Oprah Winfrey with a staggering $117 million personal loss over the same time frame.
China’s stock market suffered an 8.48% crash on Monday that humiliated the country’s leadership and will almost certainly cause a major Communist Party crisis.
Sold to the public as a way to increase competition and save the average American family $2,500 a year, Obamacare actually created monopoly pricing for the insurance industry that allowed premiums to rise by $2,500 and tripled the value of their stocks.
In an almost unheard-of action for a Wall Street investment banking firm, UBS downgraded Tesla Motors Inc. (TSLA-$267.39) to a “sell”, driving the price of the shares down 5.5 percent, or -15.49.
Over 4,600 people are reportedly presumed dead in the 7.8 magnitude earthquake that struck Nepal Saturday and the numbers continue to rise, but nine Californians in various stages of rescue or distress remain alive at this point.
Shares of Viacom, the parent company of Comedy Central, slid 1.5% on Wednesday after The Daily Show host Jon Stewart announced he would leave the program later this year.