Stocks set to finish the week in the red, with Magnificent 7 especially hard hit
Stocks set to finish the week in the red, with Magnificent 7 especially hard hit
It's been a wild week in the markets, with dubious presidential claims and a landmark decision against Big Tech
Michael M. Santiago/Getty Images
It has been a wild week for U.S. markets, defined by trillion-dollar intraday swings, a landmark legal verdict against Big Tech, and a now-familiar pattern, in which President Donald Trump makes dramatic claims about Iran that independent verification cannot confirm — often followed by market moves that benefit whoever positioned correctly in advance.
As of Friday morning, the S&P 500 is down about 1.5% total since Monday's open, despite a brief surge when Trump posted on Truth Social claiming “very good and productive conversations” with Iran toward a “complete and total resolution” of hostilities. Markets jumped — the S&P added as much as 2.6%, the Dow........
