Market Up as Government Shutdown Averted, but FAANG Stocks Still Down

The government shutdown drama is over and the legal drama over who has the power of the public purse — Congress or the President — has just begun. February 15, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. President Trump signed a bill to avoid another government shutdown and simultaneously declared a national emergency on the southern border to get funding for the wall. Democrat leaders promised to sue. Good news for the market. The government deal and encouraging signs on the U.S./China trade talks sent stock prices sharply higher today. Large cap multinational companies surged, pushing the Dow index up 1.74 percent. The S&P 500 and Nasdaq indexes were up 1.09 and 0.61 percent respectively. The Entrepreneur Index™ closed the day up 0.33 percent. The technology sector lagged the broader market. All four FAANG stocks on the Entrepreneur Index™, (Facebook, Amazon, Netflix and Google — […]
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