Trump’s Amazon Tweets Dent His Stock Market Bragging Rights

Donald Trump has long bragged how his presidency has been a boon to the stock market. His recent attacks on Amazon are undermining that position.

Brent Thill, Jefferies managing director, discusses President Trump’s criticism of Amazon.(Source: Bloomberg)

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By Jeremy Herron

April 2, 2018 at 3:38 PM UTC

Updated on

April 2, 2018 at 5:35 PM UTC

This article is for subscribers only.

Donald Trump has long bragged how his presidency has been a boon to the stock market. His recent attacks on Amazon.com Inc. are undermining that position.

The S&P 500 plunged more than 2.5 percent Monday, headed for the worst start to a second quarter since the Great Depression. That’s a superlative Trump probably wouldn’t like, and Amazon has a big hand in it.