Tech stocks plunge as Millennial investors fear Huawei fallout.
Huawei is a Chinese company that is in bed with the Government of China, now trending on social.
U.S. equities sank as the fallout from the White House’s moves against Chinese telecom giant Huawei battered technology shares and stoked trade jitters
According to CNN - "US stocks are headed for a lower close as Wall Street feels the pressure from trade tensions and the Huawei fallout."
Can you really truly trust them with putting chips in all of our communication device and computers?
Interesting timing as the titanic (American Stock Market) begins to sink, a detached life boat (cryptocurrencies), arrives just in time to take survivors ashore.
The smart ones have already gotten aboard as the rest are plugging the holes unaware as the band continues to play.... No! Look how much the Chinese have ignored patents, produced copy cat goods, stolen ideas, and intellectual property theft.
|- A snapshot of falling Huawei Stock -|
The Infographic reveals how the Dow falls more than 150 points as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.
Conclusion - Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.
The Huawei fallout became a social network trend as the Dow declined by 150 points as Apple lagged. The S&P 500 pulled back 0.9%, w/ the tech sector dropping 2%. The Nasdaq fell 1.7%.