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Writer's pictureMarc Bentin

Daily Close


US Stocks pulled back on Monday as the worst decline in five years in Facebook (-7%, breaking its 200dMa) pressured the technology sector. Facebook was hit by the twin arrows of an upcoming 3% tax on its European business and of Congress (and again the European Commission) likely to take a hard look at the company’s role in the possible abuse of its user data (involving 50mn profiles) by the firm Cambridge Analytica. 

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