Facebook Leads Tech-Share Decline – WSJ

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Facebook inventory leads S&P 500 decrease European autos acquire floor ECB leaves charges unchanged

Tumbling shares of Facebook pulled the S&P 500 decrease Thursday after disappointing earnings outcomes rocked investor confidence in one in every of Wall Street’s hottest trades.

The social-media large fell 19% in current buying and selling, placing it on tempo for its steepest decline since its shares began buying and selling six years earlier. The selloff began after Facebook mentioned late Wednesday that income grew slower than anticipated within the second quarter…

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