US STOCKS-Wall Street tumbles as Facebook, Alphabet extend slide

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US STOCKS-Wall Street tumbles as Facebook, Alphabet extend slide

U.S. stocks went back into the red on Monday after regulatory fears sent shares of internet giants Alphabet, Facebook and Amazon.com sharply lower, particularly weighing down on the tech-laden Nasdaq. Facebook Inc tumbled 7.4% after the Wall Street Journal reported that the Federal Trade Commission (FTC) has secured the right to examine how the social media company practices affect digital competition.

https://finance.yahoo.com/news/us-stocks-wall-street-tumbles-174028595.html?.tsrc=rss
 
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