Financial Review

…GDP pops to 4.1%. Stocks drop. FAANGS lead lower. Disney buys 21st Century Fox. Twitter purges fake accounts. Exxon stumbles. Financial Review by Sinclair Noe for 07-27-2018 DOW – 76 = 25,451 SPX – 18 = 2818 NAS – 114 = 7737 RUT – 32 = 1663 10 Y – .01 = 2.96% OIL – .57 = 69.04 GOLD + .80 = 1224.20   Shares of Microsoft dropped 1.8% and Alphabet fell 2.5%; both companies recently reported strong quarterly results. Alphabet shares touched an all-time high earlier in the session but reversed course. Intel shares sank 8.6 percent after the chipmaker’s data center business missed estimates. The pressure on tech stocks started on Thursday after Facebook gave a dismal forecast that caught investors off guard about growth prospects in a sector that has led the market’s march toward record highs. Twitter posted disappointing quarterly results and the shares dropped 20.5% – that is actually a bigger percentage drop than Facebook suffered this week, but Twitter is nowhere near the size. Twitter reported a decline in mo