clear logo

News

Share this page:

Accomplishments Breaking News VOTE 2018 Blog
About
Accomplishments News Vote Blog About Contact

STOCKS TURN UGLY

Issued: 2018-03-22

U.S. stocks opened sharply lower on Thursday as a decline in Facebook shares pressured the broader technology sector.

The Dow Jones industrial average pulled back 319 points. The S&P 500 declined 1.2 percent, with tech dropping 1.4 percent. The Nasdaq composite fell 1.3 percent.

Facebook dropped more than 2 percent after CEO Mark Zuckerberg broke his silence over news that data research firm Cambridge Analytica gathered data from 50 million Facebook profiles without the permission of its users.

In an interview with CNN, Zuckerberg said it had been "a major breach of trust, and I'm really sorry that this happened." Shares of Facebook have been under pressure all week, sliding 8.5 percent through Wednesday's close.

The PowerShares QQQ Trust (QQQ), which tracks the tech-heavy Nasdaq 100 index, dropped 1.4 percent, breaking below its 50-day moving average, a key technical level.

"Up until last week, the Tech sector had been a workhorse, leading the stock market higher," Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a note Thursday. " Since the Tech sector peaked on March 12, the picture is bleaker."

Read More...

Share this page:



X

Ways to support MAGA PILL:

We want to expand our influence but we can't do that without your help.

Get the Cash App on your phone and you can easily send and receive crypto currency:

(BTC) Bitcoin: 1fTtk6P84ZjfNgJoBoQ7rfrRi5zVpLaNN

(BTH) Bitcoin Cash: 1FLJqdiSD4UzQseuFSiqiooANbYjVKKXy7

(ETH) Ethereum: 0x16cffBf15D21a597179790F54ffCB4d384c90Db8

(LTC) Litecoin: LKhkYiQwo5GdKw53FwSXSfoN1DftJT74tF

I understand most people can't or won't donate and that's okay.

You can also support us is by using this Amazon link anytime you shop there, just Bookmark it and remember to use it!

Most imporantly, please share the site and the articles!

X

Connect with MAGA PILL:

You can also support us is by using this Amazon link anytime you shop there, just Bookmark it and remember to use it!

Most imporantly, please share the site and the articles!