"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Supreme Court Justice Ruth Bader Ginsburg is undergoing more cancer treatment, NBC News reported Friday.Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by...Autosread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
Big tech is getting bigger.
Investors piled into the group a day after Alphabet, Microsoft and Amazon reported better-than-expected earnings.
For the stock market, it was more of the same. Those five companies have gained almost $900 billion in market capitalization over the past year. They've each outperformed the S&P 500 in 2017, and have been the top contributors to the index's 15 percent gain.
Despite potential political and regulatory pressures on Google, Facebook and Amazon and loud voices of concern about the tech giants hurting competition and controlling too much of our data, the stock moves reflect financial performance. And the performance is staggering.
People are clicking on more Google ads. Amazon, which picked up $62 billion in stock market value on Friday, is delivering more of everything. Those two companies plus Microsoft are picking up share of the rapidly growing cloud-computing market.
Even though Facebook and Apple don't report results until next week, investors drove the stocks up on Friday to the tune of a combined $51.4 billion. Facebook is projected to record 40 percent sales growth on Wednesday. The next day, Apple is expected to report growth of more than 8 percent, thanks to sales of 46 million iPhones, according to FactSet.
The tech leaders pushed the S&P 500 and Nasdaq to record closes on Friday. Rallies don't last forever, but investors aren't finding many reasons to bet against tech.