Facebook Plunges, Other Tech Stocks Decline

Broad decline on Wall Street Monday
By Newser Editors and Wire Services
Posted Mar 19, 2018 3:16 PM CDT
Facebook Plunges, Other Tech Stocks Decline
Traders Michael Milano, left, and Ryan Falvey work on the floor of the New York Stock Exchange, Friday, March 16, 2018.   (AP Photo/Richard Drew)

Technology stocks led a broad decline on Wall Street, led by a plunge in Facebook following reports that a company employed by the Trump campaign improperly obtained data on tens of millions of users, the AP reports. Facebook sank 7% in heavy trading Monday, its biggest daily drop in four years. Other technology stocks, which have far outpaced the rest of the market, also fell. Google's parent company, Alphabet, lost 3%. Safe-play stocks like utilities and phone companies fared better. The S&P 500 index fell 39 points, or 1.4%, to 2,712. The Dow Jones industrial average lost 335 points, or 1.3%, to 24,610. The Nasdaq composite fell 137 points, or 1.8%, to 7,344. (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.