Amazon’s stock always recovers after a Trump tweet makes it fall

Amazon’s stock always recovers after a Trump tweet makes it fall

6 years ago
Anonymous $gIi3-PxxKB

https://www.recode.net/2018/3/29/17176556/amazon-stock-wall-street-president-trump-tweet-amzn

Today President Trump again took to Twitter to accuse Amazon of paying “little or no taxes.” His tweet sent the stock down about 4 percent this morning as investors feared Trump could raise taxes on the e-commerce company or try to break it apart.

But, just a few hours later, the stock has recovered and is up about 1 percent today. In fact, that’s the recurring theme to any Trump-induced stock plunge for Amazon. After it falls, it always recovers, either within a few hours, or up to a month at the longest count.

Amazon’s stock always recovers after a Trump tweet makes it fall

Mar 30, 2018, 3:12am UTC
https://www.recode.net/2018/3/29/17176556/amazon-stock-wall-street-president-trump-tweet-amzn >Today President Trump again took to Twitter to accuse Amazon of paying “little or no taxes.” His tweet sent the stock down about 4 percent this morning as investors feared Trump could raise taxes on the e-commerce company or try to break it apart. >But, just a few hours later, the stock has recovered and is up about 1 percent today. In fact, that’s the recurring theme to any Trump-induced stock plunge for Amazon. After it falls, it always recovers, either within a few hours, or up to a month at the longest count.