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Stocks Drift and Bonds Rise on Economy, Trade Woes: Markets Wrap BloombergU.S. stocks drifted as investors weighed the trade war’s impact on weak manufacturing data, while technology giants sank after a report the government is considering antitrust investigations. Treasuries rallied. The Nasdaq-100 Index underperformed major averages, with Alphabet Inc. sinking the most since April after Bloomberg reported the Department of Justice will look into its business. Facebook Inc. and Amazon.com Inc. also tumbled. FedEx Corp. slumped as China probed “wrongful” deliveries. Meantime, a rally in oil lifted energy shares. The yield on two-year Treasuries headed for its big...
https://www.bloomberg.com/news/articles/2019-06-02/asia-stocks-face-more-pressure-on-trade-war-angst-markets-wrap
2019-06-03 14:23:30Z
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