Stock losses deepen amid Fed fallout, shutdown worries: Stock market news today

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Stocks pulled back as Wall Street continued to face up to the prospect of a long period of high interest rates.

and 17 state attorneys general sued Amazon Tuesday, alleging that the e-commerce giant is illegally monopolizing markets.The Federal Trade Commission and 17 state attorneys general sued Amazon Tuesday, alleging the e-commerce giant is monopolizing markets.The suit alleges that Amazon holds monopolies in online markets for buyers and sellers. According to the FTC, Amazon is violating U.S.

“The complaint sets forth detailed allegations noting how Amazon is now exploiting its monopoly power to enrich itself while raising prices and degrading service for the tens of millions of American families who shop on its platform and the hundreds of thousands of businesses that rely on Amazon to reach them. Today’s lawsuit seeks to hold Amazon to account for these monopolistic practices and restore the lost promise of free and fair competition.

The commission further claims that Amazon replaces organic search results on its market place with paid ads that frustrate consumers, and that the company biases its own products in search.

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Energy stocks help lift S&P/TSX composite, U.S. stock markets mixedTORONTO — Strength in energy stocks helped Canada's main stock index move higher in late-morning trading, while U.S. stock markets were mixed to start the trading week. The S&P/TSX composite index was up 30.53 points at 19,810.50. In New York, the Dow Jones industrial average was down 18.23 points at 33,945.61. The S&P 500 index was up 9.00 points at 4,329.06, while the Nasdaq composite was up 40.50 points at 13,252.31. The Canadian dollar traded for 74.24 cents US compared with 74.27 cents US o
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