By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
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If you looked at how stocks were doing yesterday morning and then looked away, we’ve got good news.
After a rough start to the day—especially for tech companies, whose earnings are due out soon—stocks mostly turned things around, with the S&P 500 and the Dow ending the day in the green.
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IBM plans to invest $150 billion in the US over five years. That includes $30 billion earmarked for R&D for manufacturing its mainframe and quantum computers in the US. It’s not the only tech company to announce a big commitment to spend in the US since President Trump took office and unveiled steep tariffs on imports from abroad.
Nvidia and Apple have each separately said that they plan to spend $500 billion stateside over the next four years. Companies in other industries, including pharmaceuticals, have also committed to increased US investment.—AR
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Filed under: "Ask-an-Advisor", Financial Planning, Information Technology, Investing, Marcinko Associates | Tagged: Apple, computers, DJIA, DOW, IBM, Mag 7, mainframe, Marcinko advisors, Nvidia, quantum computers, S&P 500, stocks up, Technology, Trump |















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