Trump Coughs on Amazon, and Facebook and Google Catch the Cold
Donald Trump’s attacks on Amazon (AMZN) are having serious side effects on the broader stock market. Amazon is a member of the group of stocks known on Wall Street as FANG—Facebook (FB), Amazon, Netflix (NFLX), and Google (GOOGL) (now Alphabet). According to Jim Cramer, host of CNBC’s Mad Money and former hedge fund manager, every time Trump attacks Amazon, FANG stocks tend to drop, dragging down the broader stock market.