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U.S. Stocks Drop on Trade Woes Amid FANG Sell-Off: Markets Wrap BloombergU.S. stocks fell 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. 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. tumbled as the Wall Street Journal said the U.S. Federal Trade Commission has secured the right to examine how its practices affect digital competition. Traders also assessed the impact of a Chinese probe that put FedEx ...
https://www.bloomberg.com/news/articles/2019-06-02/asia-stocks-face-more-pressure-on-trade-war-angst-markets-wrap
2019-06-03 16:12:40Z
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