This time it’s Big Tech, but Washington has a long history of rattling the market

The feds have turned their prying eyes on Big Tech, and, as we’ve seen throughout history, investors are paying a price for the uncertainty.

Microsoft, which once faced a massive antitrust investigation, rounds out the top five of the most valuable U.S. tech companies. At this point, however, the software giant has avoided the recent crackdown. McClellan, of course, isn’t suggesting that federal intervention isn’t at times necessary, or that allowing Wall Street to run wild is something to strive for — after all, look at what happened during the subprime mortgage crisis.

Breaking up Standard Oil marked the beginning of a deep slide for the Dow, which dropped from a high of 102.9 in January 1906 to a low of 53.08 in November 1907. It’d take a decade before the Dow would return to its pre-breakup highs. Fast forward to the Kennedy years, and the president’s threats to the steel executives, who were facing a strike, clearly weren’t welcomed by investors.

“The DJIA remained flat in one of the tightest trading ranges in history, until the mid-term elections in November 1994 resulted in a change in the majority party in congress and an end to the prospects of nationalized health care,” he said. “The market reacted positively to the withdrawal of this potential burden.”

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The government is threatening big tech — and the market just took noticeApple, Google, Facebook and Amazon are facing potential regulatory scrutiny and investors are paying close attention. these r some of the dirtiest companies on planet run by far left radicals pushing their sick and twisted perverted progressive world view on society and limiting and destroying those who they dont agree with! break em up and fine them a massive sum $$$$ JackPosobiec Good good good good news.
Source: CNBC - 🏆 12. / 72 Read more »

Feds target four of the biggest tech companies in U.S., and their stocks are getting slammedA federal government crackdown on big tech is punishing Big Tech on Monday, with Shares of Alphabet Inc., Amazon.com Inc. , Facebook Inc., and Apple Inc.... breakapart the monopolies! Barnes_Law If it gets to the point of settlement negotiations in a suit, the DOJ should seek as part of the settlement that the tech companies must allow communication to the fullest extend under the 1st Amendment. QQQ hit ... stay clear of leveraged ETFs
Source: MarketWatch - 🏆 3. / 97 Read more »