Previous Close |
---|
2,752.01 |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Facebook Inc. chief information security officer Alex Stamos is leaving the company in August after disagreements within the company about how it should handle spreading disinformation, according to a New York Times report late Monday. The Times, citing unnamed current and former employees briefed on the matter, said that Stamos had been advocating that Facebook investigate and disclose the Russia-backed activity on the platform, but other executives such as Chief Operating Officer Sheryl Sandberg were dismayed by the suggestion. Stamos' day-to-day responsibilities were reassigned in December, but he will stay at the company until August to oversee the transition, the Times reported. After the Times published its story, Stamos tweeted that he was still "fully engaged with my work at Facebook. It's true that my role did change. I'm currently spending more time exploring emerging security risks and working on election security." Facebook stock is down 1% in late trading, after closing down 6.8% to $172.56 on Monday. Facebook stock is down 1.7% this year, as the S&P 500 index has gained 2.9%.
Facebook Inc. has shed about $36 billion in market value since Friday as shares of the social-media giant skidded lower. Facebook's stock closed 7.9% on Monday, putting the Menlo Park, Calif.-based technology giant marked its worst daily drop since March 26, 2014, with that downturn equating to a $36.4 billion loss in market value, from its value of $537.67 billion at Friday's close, according to FactSet data. The social network has come under firepegged to how it has managed users’ information, after the company announced that a firm with ties to the 2016 Trump campaign improperly kept data for years despite saying it had destroyed those records. Facebook's decline was weighing on the broader market by virtue of its size and the company's influence on sentiment. The Dow Jones Industrial Average ended the day off 335 points, or 1.4%, at 24,610, while the S&P 500 index finished down 1.4% at 2,712, with technology shares suffering the worst daily decline among the broad-market benchmark's 11 sectors. Meanwhile, tech-laden The Nasdaq Composite Index wrapped off 1.8% at 7,344.
Shares of Facebook Inc. posted their worst daily drop in about four years amid concerns about how the social-media giant managed user data. The company's shares finished down about 6.8% on Monday at $172.56, with the stock logging its steepest one-day decline since March 26, 2014, according to FactSet data. U.S. and British lawmakers slammed Facebook over the weekend for not providing more information about how the data firm, Cambridge Analytica, came to access information about potentially tens of millions of the social network's members without their explicit permission around the time of the 2016 presidential election. Selling in Facebook was weighing on the broader technology sector . Among other social-media companies, Twitter Inc. fell 0.6% while Snap Inc. shares were down 2.5%. Shares of Facebook turned negative for the year, down 2.2%, compared with the Dow Jones Industrial Average which also was down 0.4% for the first three months of 2018. The Dow closed 335 points, or 1.4%, at 24,610, the S&P 500 index finished down 1.4% at 2,712, but up 1.5% year to date. The technology laden Nasdaq Composite Index , however, ended the session 1.8% lower at 7,312, enduring the biggest fall on the day from the pressure in tech names. For the year, the benchmark was up 6.4%. Because Facebook boasts a market value of more than $500 billion it can influence many market-capitalization-weighted indexes, dragging them higher or lower.
The Dow Jones Industrial Average tumbled on Monday, erasing its year-to-date gain, pushing the blue-chip indicator negative for 2018. The Dow declined 335 points, or 1.4%, at 24,610, for a decline in the first three months of the year of about 0.4%. Any close above 24,719.22, the average's close for 2017, according to FactSet data, would push it into positive territory. The S&P 500 index, meanwhile, closed 1.4% at 2,712, while the Nasdaq Composite Index wrapped 1.8% lower at 7,344. All three benchmarks ended off their lows of the session, but weighed by selling in technology shares, amid a data scandal tied to how Facebook Inc. has managed user information during the 2016 presidential campaign. The S&P 500 and the Nasdaq are both positive for the year, with the S&P 500 up 1.5% so far this year and the Nasdaq boasting a return of 6.4%.
Facebook Inc. said Monday that it has hired the digital forensics firm Stroz Friedberg LLC to conduct an audit of Cambridge Analytica's systems, following the improper handling of data related to about 50 million Facebook members. Facebook stock is down 7% in late afternoon trading. Facebook hired Stroz to investigate the improperly handled data after the company admitted late Friday that Cambridge acquired it from a personality prediction app in 2015, which was shared with the political consulting firm, Cambridge. One of the men involved in the improperly handled data, Christopher Wylie, has declined to allow the Stroz investigators to check his systems. The researcher who created the personality-prediction app, Aleksandr Kogan has agreed to give the Stroz investigators access to his systems. Facebook stock has declined 2.5% this year, as the S&P 500 index has gained 1%.
U.S. stocks closed more than 1% lower on Monday, pressured by a broad decline that was largely attributable to weakness in Facebook. The Dow Jones Industrial Average fell 336 points, or 1.4%, to 24,611. With the day's drop, the blue-chip average turned negative for 2018. The S&P 500 shed 39 points, or 1.4%, to 2,712. The Nasdaq Composite Index lost 138 points to 7,344, a decline of 1.8%. The Nasdaq saw outsize weakness due to technology shares; the sector fell 2.1% in its biggest drop since Feb. 8. Facebook led the sector lower after, facing heavy selling pressure over how it manages third-party access to its users' information, after saying a firm with ties to the 2016 Trump campaign improperly kept member data for years despite saying it had destroyed those records. The stock fell 6.8% in its biggest one-day drop since March 2014. The day's losses were widespread, with all 11 of the primary S&P 500 sectors ending down on the day and 29 of the 30 Dow components ending in the red.
S&P 500, Nasdaq suffer biggest one-day drop since Feb. 8
Stocks end sharply lower as Facebook leads technology selloff
Shares of Zscaler Inc. are down 17.6% in their second day of trading Monday, after more than doubling on Friday. Zscaler's initial public offering priced at $16, and the stock closed at $33 on Friday. Fellow unicorn Dropbox Inc. is expected to go public as well later this week. Though much of the tech sector is down in Monday trading due to concerns about Facebook Inc. , the far sharper decline in Zscaler's stock price speaks to the volatility of recent IPOs. The cloud-based security company has seen 5.1 million shares trade hands in Monday's session. Shares of other relatively recent big tech IPOs are down sharply during the session as well, with Stitch Fix Inc.'s stock off 6.5% and Roku Inc.'s stock down 6.9%. The S&P 500 has fallen 1.7% and the Nasdaq Composite Index is off 2.2%.
Investors piled a record amount of money into hot stock funds during the week before Monday's sell-off, a sign that buyers who made aggressive bets may have gotten burned.
A stock market selloff deepened on Monday after, led by high-flying technology stocks.
Facebook Inc.'s share-price fall on Monday shaved roughly $30 billion from its market cap, enough to remove it from the ranks of the five biggest companies in the S&P 500.
Measures of market sentiment still look elevated, even after major stock indexes dropped by more than 10% last month.
Major stateside stock benchmarks are pacing for a better annual performance than much of the rest of the world, despite a volatile few weeks.
Technology companies are conquering the stock market, boosting sectors not often associated with the giants of Silicon Valley.
The U.S. stock bull market turned nine years old on Friday. The companies that have seen the biggest gains over that period may surprise you.
Investors are learning to stop fearing an economic pick-up. That was a key lesson from Friday's market reaction to the jobs report.
The market gyrations of recent weeks are lifting trading volumes, typically a boon to banks.
It's quite likely the new chair will see more market volatility during his term than did his predecessor. Janet Yellen's time at the helm was marked by mostly serene markets.
Money is flowing back into stocks, a sign that investors believe the market will keep climbing after the recent selloff.
Executives are as excited about corporate earnings as they've ever been, but that optimism may already be priced into the stock market.
The housing market is heating up, providing another pillar of support for the stock market and U.S. economy.
Credit Suisse Group AG says betting on volatility to fall has been a great trade. Just don't use the bank's once-popular investment product to do it.
Stop trying to make sense of the stock market, Jason Zweig says.
Here is a selection of factoids about the market's big decline on Monday.
Boeing Co. quietly has more pull on the stock market than pretty much any other company.
The stock market's long stretch of calm was interrupted this week.
President Donald Trump on Friday suggested that his election loss would have sparked a plunge in the stock market that's only ever happened eight times.
The year is just 15 trading sessions old and already the stock market has put in almost a full year's worth of gains.
When stocks sell-off, a whole bunch of new financial terms start popping up that you may not be familiar with. Here's our cheat sheet to help you out.
A look at the ongoing saga of a unicorn biotech startup in Palo Alto, from its rise to the fall.
Oracle stock has risen more than 19.0% in the past year. During the same period, the S&P 500 Index has risen 15.0%.
In this series, we'll look at analysts’ revenue and earnings estimates for McDonald’s in the next four quarters.
Despite the massive surge in Microsoft stock, which helped its market cap to cross the $724 billion mark, it's lagging behind Amazon (AMZN), which has a market cap of ~$726 billion.
Despite the massive surge in Microsoft stock, which helped its market cap to cross the $713 billion mark, it was momentarily eclipsed by Amazon (AMZN).
Lowe's Companies (LOW) plans to announce its 4Q17 earnings before the market opens on February 28.
The Campbell Soup Company (CPB) stock fell ~3.3% on February 16, 2018, despite reporting better-than-expected fiscal 2Q18 results.
The Kraft Heinz Company (KHC) reported weaker-than-expected 4Q17 results on February 16, 2018.
The Michigan Consumer Sentiment Index has provided a key leading indicator for investors and economists for decades. This respected index is published monthly from the results of random telephone surveys.
Home Depot (HD) is scheduled to announce its 4Q17 earnings before the market opens on February 20, 2018.
The yuan! Trump! North Korea! Brexit! Inflation! We brought together two years of survey data to show how quickly investors' worst nightmares come and go.
Is inflation ever good? If you like your job it is.
As a measure of inflation, this index can help you make key financial decisions.
Shake Shack (SHAK) is scheduled to announce its 4Q17 earnings after the market closes on February 15, 2018.
Why This Recent Volatility Isn’t The End Of The Stock Market’s Bull Run
What the markets have long been fearing has finally come true, at least in part. The S&P 500 (SPY) (SPX) hit a record high on January 26, 2018. Since then, the index has fallen ~8% as of February 6, 2018.
Chipotle Mexican Grill (CMG) posted its 4Q17 earnings after the market closed on February 6, 2018. In 4Q17, Chipotle posted adjusted EPS (earnings per share) of $1.34 on revenues of $1.11 billion.
Interest rates can have a complicated ripple effect through financial markets. Here's what you need to know.
IBM stock has a beta of ~1.07, which indicates that it is 7% more volatile than the overall market.
Key U.S. | Last | Chg | Chg % |
---|---|---|---|
Dow Jones Industrial Average | |||
NASDAQ Composite Index | |||
S&P 500 Index | |||
Russell 2000 Index | |||
Other U.S. | Last | Chg | Chg % |
Dow Jones Transportation Average | |||
Dow Jones Utility Average Index | |||
Dow Jones U.S. Total Stock Market Index | |||
NASDAQ 100 Index (NASDAQ Calculation) | |||
S&P 400 Mid Cap Index | |||
NYSE Composite Index | |||
Barron's 400 Index | |||
CBOE Volatility Index | |||
Global | Last | Chg | Chg % |
Global Dow Realtime USD | |||
Asia/Pacific | Last | Chg | Chg % |
The Asia Dow Index USD | |||
S&P/ASX 200 Benchmark Index | |||
Shanghai Composite Index | |||
Hang Seng Index | |||
S&P BSE Sensex Index | |||
NIKKEI 225 Index | |||
FTSE Straits Times Index | |||
Europe | Last | Chg | Chg % |
STOXX Europe 50 Index EUR | |||
STOXX Europe 600 Index EUR | |||
CAC 40 Index | |||
DAX | |||
IBEX 35 Index | |||
FTSE 100 Index GBP | |||
Americas | Last | Chg | Chg % |
BOVESPA Index | |||
S&P/TSX Composite Index | |||
IPC Indice de Precios Y Cotizaciones |
Company | Last | Chg | Chg % |
---|---|---|---|
Signet Jewelers Ltd. | |||
Northrop Grumman Corp. | |||
Gap Inc. | |||
Macy's Inc. | |||
DXC Technology Co. | |||
Lockheed Martin Corp. | |||
Kansas City Southern | |||
TransDigm Group Inc. | |||
Carnival Corp. | |||
CSRA Inc. |
Company | Last | Chg | Chg % |
---|---|---|---|
Facebook Inc. Cl A | |||
Newell Brands Inc. | |||
Mattel Inc. | |||
Newfield Exploration Co. | |||
Incyte Corp. | |||
Hess Corp. | |||
Express Scripts Holding Co. | |||
Juniper Networks Inc. | |||
Broadcom Ltd. | |||
KLA-Tencor Corp. |