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                            <title><![CDATA[ Latest from Next TV in Trade-policy ]]></title>
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        <description><![CDATA[ All the latest trade-policy content from the Next TV team ]]></description>
                                    <lastBuildDate>Tue, 04 Dec 2018 22:01:13 +0000</lastBuildDate>
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                                                            <title><![CDATA[ Tech Stocks Battered, Cable Mixed in Market Meltdown ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/techs-stocks-battered-cable-mixed-in-market-meltdown</link>
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                            <![CDATA[ Tech Stocks Battered, Cable Mixed in Market Meltdown ]]>
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                                                                        <pubDate>Tue, 04 Dec 2018 22:01:13 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Business]]></category>
                                                                                                                    <dc:creator><![CDATA[ Mike Farrell ]]></dc:creator>                                                                                                                                                                                                                                                                    <media:content type="image/jpeg" url="https://cdn.mos.cms.futurecdn.net/qiVJK4FG8KQYmTvE8d9Pu5-1280-80.jpg">
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                                <p>The Dow Jones Industrial Average plunged nearly 800 points Tuesday as investors remained skittish over uncertainties around U.S. trade policy with China, fueled by a morning tweet by President Trump. The meltdown battered most tech stocks but turned out to be a mixed bag for cable shares.</p><p>The Dow closed at 25,027.07 on Tuesday, down 799 points as enthusiasm waned concerning the <a href="https://finance.yahoo.com/news/u-china-declare-90-day-halt-tariffs-white-023232628--finance.html">90-day tariff truce</a> in the U.S.-China trade wars struck over the weekend, after President Trump tweeted “I am a Tariff Man.”</p><p>[embed]https://twitter.com/realDonaldTrump/status/1069970500535902208[/embed]</p><p>Investors <a href="https://www.wsj.com/articles/dow-tumbles-nearly-800-points-as-trade-jitters-return-1543959007?mod=hp_lead_pos1">feared that animosity between the world’s two biggest economies could heighten</a>, erasing any gains in the U.S. and rocking already shaky markets in Europe and Asia. </p><p>The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Google — had a rough day Tuesday, dropping between 2% and 5% each, while cable stocks were down but declines were not as severe.</p><p>Facebook fared the best of the FAANG stocks, closing at $137.93, down about 2.2% ($3.16 per share) while Netflix closed at $275.33 per share Tuesday, down $14.97 each or about 5.2%. Amazon fell 5.9% ($103.96 each) to close at $1,668.40 per share and Google dropped 5% ($55.61 each) to close at $1,050.82 per share. Apple dipped 4.4% ($8.13) to $176.69 per share.</p><p>Cable stocks fared a bit better, with declines in the 1% to 3% range.</p><p>Comcast fell hardest in the sector — down 3.7% ($1.46) to $37.69 per share, while Charter Communications dipped 1.5% ($4.86) to $321.84 each. Liberty Global dipped 2.1% and Altice USA was down 1.3% for the day, while Cable One was the sole gainer, rising 0.5% ($4.35 each) to $866.62 per share.</p><p>AT&T was down 3.1% (98 cents) to $30.73 and Verizon was essentially even, closing at $58.13 per share Monday, down 3 cents each. Dish Network had the biggest decline in the satellite sector, dropping 4.4% ($1.46 each) to $31.93 per share.</p><p>On the programming side, broadcaster CBS had the biggest decline, falling 4% ($2.16) to $51.35 per share. The rest of the sector was down between 1% and 2% each, with The Walt Disney Co. closing at $112.94 (down 2.4%), AMC Networks closing at $57.06 (down 2.1%); Viacom finishing the day at $30.88 (down 1.9%) and 21st Century Fox priced at $49.12 (down 1.1%).</p>
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