Wall Street slides on tech rout, Nasdaq erases 2018 gains

[workinclasszero]

Wall Street slides on tech rout, Nasdaq erases 2018 gains
Sruthi Shankar APRIL 2, 2018 / 6:36 AM / UPDATED 10 MINUTES AGO

(Reuters) - A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index’s gains for the year and pushing the benchmark S&P 500 below a closely watched technical level for the first time in nearly two months.

All the 11 major S&P sectors fell, with markets also coming under pressure from renewed fears of a global trade war after China imposed additional tariffs on 128 U.S. products.

Amazon (AMZN.O) dropped more than 4 percent after President Donald Trump launched his latest attack over the pricing of the online retailer’s deliveries through the U.S. postal system and promised unspecified changes.

https://www.reuters.com/article/us-usa-stocks/wall-street-slides-on-tech-rout-nasdaq-erases-2018-gains-idUSKCN1H90XP

[Guilded Lilly]

1. The Cretin making America as great as all his bankrupt businesses. Will SOMEONE stop this nightmare?

[Angry Dragon]

2. Trump picking winners and losers

[workinclasszero]

3. Yep

Lots of Trump lovin farmers are gonna lose big in the China/Trump trade war.