Stocks Rise as Chip Rally Outweighs FANG Sell-Off: Markets Wrap - Bloomberg

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Stocks Rise as Chip Rally Outweighs FANG Sell-Off: Markets Wrap  Bloomberg

U.S. stocks rose as a rally in chipmakers overshadowed a rout in FANG shares that was prompted by a report the government is considering antitrust investigations into Google. Treasuries climbed. The S&P 500 Index rebounded from earlier losses as most industries gained. The Nasdaq-100 Index underperformed major averages as Alphabet Inc. sank 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. The yield on two-year Treasuries headed for it...

https://www.bloomberg.com/news/articles/2019-06-02/asia-stocks-face-more-pressure-on-trade-war-angst-markets-wrap

2019-06-03 15:45:13Z
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