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Nasdaq falls as US lawmakers grill Facebook, Twitter executives

Updated : September 06, 2018 06:15 AM IST

Adding to pressure on technology stocks, the Justice Department later said it would meet with state attorneys general to discuss worries that social media platforms were "intentionally stifling the free exchange of ideas."
Twitter shares dropped 6.1 percent. Facebook shares fell 2.3 percent, contributing heavily to both the Nasdaq's and the S&P 500's declines. The Dow, however, eked out a slight gain.
Tech and consumer discretionary stocks were the biggest weights on the S&P 500. The S&P 500 technology index fell 1.5 percent, and the S&P 500 consumer discretionary index fell 1.1 percent.
Nasdaq falls as US lawmakers grill Facebook, Twitter executives

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