Both stocks tumble in value amid fears of rising regulatory scrutiny
Thursday 13 Jun 2019 Author: Ian Conway
After the S&P 500 index lost $1.6trn in value in May due to fears of a tariff-induced US economic slowdown, investors in tech stocks Amazon, Facebook and Google-owner Alphabet faced further heavy losses on the first trading day of June over fears of rising regulatory scrutiny. Alphabet shares lost 6% in a day, or more than $45bn in market value; Amazon lost 4.6% or $40bn in value; and Facebook...