Dow closes more than 500 points lower and tech rout continues

View in Browser July 18, 2024 Dow 40,665.02 1.29% S&P 500 5,544.59 0.78% NASDAQ 17,871.22 0.70% Last updated July 18 at 5:29 PM ET     Dow closes more than 500 points lower and tech rout continues US stocks sold off broadly Thursday as Wall Street continued to shed tech stocks.    Read full article   Netflix is axing its cheapest, ad-free plan in the US Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on Thursday.    Read full article   A rash of tech billionaires are pivoting to Trump — but not because they're MAGA bros The Bay Area has long been, and remains, a hippie-dippie bastion of Democrats who voted overwhelmingly for Hillary Clinton in 2016 and Joe Biden in 2020. But there's a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world.    Read full article   Former Goldman analyst gets 28-month prison sentence for insider trading A former Goldman Sachs and Blackstone analyst was sentenced to 28 months in prison Wednesday for insider trading, after admitting that his conduct was "catastrophically stupid."    Read full article   John Deere backs away from diversity and inclusion efforts after a conservative backlash John Deere says it will no longer sponsor "social or cultural awareness" events, becoming the latest major US company to distance itself from diversity and inclusion measures after being targeted by conservative backlash.    Read full article   Opinion: Why we can't give up on capitalism CNN Opinion's Bethany Cianciolo spoke with Ruchir Sharma about how capitalism has become increasingly distorted, and why true capitalism is still the best economic system.    Read full article   Today's movers SILO 3.47 54.22% Silo Pharma Inc NAAS 8.09 52.93% NaaS Technology, Inc. Sponsored ADR CHUY 37.34 47.76% Chuy's Holdings, Inc. AGEN 7.30 58.83% Agenus Inc. SPWR 1.51 40.08% SunPower Corporation TCRT 4.28 30.96% Alaunos Therapeutics, Inc. Last updated July 18 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com   You are receiving this newsletter because you signed up for Markets Now. To stop receiving this newsletter, unsubscribe or sign up to manage your CNN account    Get CNN web alerts  |  Sign up for a free CNN account   ® © 2024 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved. 1050 Techwood Drive NW, Atlanta, GA 30318