US President Donald Trump is nothing if not persistent when it comes to taking credit for the best US stock market since 2013. Photo: APUS President Donald Trump is nothing if not persistent when it comes to taking credit for the best US stock market since 2013. All say the boast is not credible, mostly because Trump inherited an economy in its eighth year of expansion with the lowest interest rates for such a boom in at least half a century. Standard bearers Nvidia Corp. and Applied Materials Inc. slumped at least 8.9%, while Micron Technology Inc. lost 15%. Blame it on the rotation, as headlines on Donald Trump’s tax plan combined with concern about memory-chip prices to crush semiconductors during a week when transportation stocks, banks and phone companies jumped.

Source: Mint December 03, 2017 18:11 UTC