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
|HeffX–LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Very Bullish (0.64)||Bullish (0.49)||Very Bullish (0.83)||Very Bullish (0.58)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Very Bullish (0.65)||Very Bullish (0.67)||Very Bullish (0.69)||Very Bullish (0.58)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.49)||Neutral (0.19)||Very Bullish (0.58)||Very Bullish (0.69)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Bearish (-0.44)||Very Bearish (-0.50)||Very Bearish (-0.57)||Bearish (-0.25)|
Latest posts by Paul Ebeling (see all)
- President Trump’s Team Making Preparations to End the Shutdown - April 8, 2020
- Big Bets are Being Placed on a Strong April Rally - April 8, 2020
- Wall Street’s Key Stock Analysts Research Report, All Buys - April 8, 2020