Hussein Obama-era ‘Net Neutrality’ Rules Shredded

$DIA, $SPY, $QQQ, $VXX

The Federal Communications Commission (FCC) has voted to undo sweeping Hussein Obama-era “net neutrality” rules that guaranteed equal access to internet, shredding further his anti-business legacy

The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.

The FCC’s new rules could usher in big changes in how Americans use the internet.

The agency got rid of rules that barred companies like Comcast (NASDAQ:CAMSA), AT&T (NYSE:T), and Verizon (NYSE:VZ) from playing favorites with internet apps and sites.

The broadband industry promises that the internet experience isn’t going to change. But protests have erupted online and in the streets as everyday Americans worry that cable and phone companies will be able to control what they see and do online.

Net-neutrality supporters plan legal challenges. Some Democrats hope to ride that wave of public opinion into the Y 2018 elections.

Thursday, the US major stock market indexes finished at: DJIA -76.77 at 24508.66, NAS Comp -19.27 at 6856.53, S&P 500 -10.84 at 2652.01

Volume: Trade on the NYSE came in at: 814-M/shares exchanged

• NAS Comp +27.4% YTD
• DJIA +24.0% YTD
• S&P 500 +18.5% YTD
• Russell 2000 +11.1% YTD

Stay tuned…

  #analysis, #apps, #Bullish, #CMCSA, #DIA, #DJIA, #Hussein, #Internet, #legacy, #Obama, #QQQ, #shredded, #SPY, #T, #VXX, #VZ

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