“We just think that the franchises are so strong and so dominant globally that I think it’s really difficult for even regulatory rulings to slow these companies down in the long term,” Light Street Capital’s Glen Kacher says about Big Tech. SohnXSF2020
Stocks gave up earlier gains and were sharply lower after President Donald Trump tweeted that he would reject rejecting Democrats' $2.4 trillion stimulus plan.
The Dow Jones Industrial Average slid more than 300 points, after positing a 205-point gain earlier in the session. Boeing also weighed on the 30-stock index after the company warned that Covid-19 would impact demand for years to come.
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