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For the second week, there’s been another downgrade for Apple (AAPL) and, like last time, all the other FANGs followed Apple down. After Friday’s selloff in the tech sector that saw the Nasdaq (^IXIC, QQQ) plunge 1.8% and the S&P 500 (^GSPC, SPY) slip 0.1%, traders were hoping for a little reprieve. Then the Nasdaq had its biggest two-day slide since December, closing down at -32.45.
Trump wants to reduce the tax rate for corporations and the middle-class. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Dan Roberts discuss why Trump’s goal to make the wealthiest pay more actual won’t result in the rich paying that much more.