Global stocks drop as economic worries weigh, dollar climbs | Malay Mail

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NEW YORK, Dec 10 ― Global equity indexes fell yesterday as negotiations over further US fiscal stimulus dragged on and the dollar rose for a fourth straight session. All three major US stock indexes ended lower, with the Nasdaq down 1.9 per cent and leading the day's losses. Shares of Facebook,...

All three major US stock indexes ended lower, with the Nasdaq down 1.9 per cent and leading the day's losses. — Reuters pic

Shares of Facebook, among the biggest drags on the S&P 500 and Nasdaq, fell 1.9 per cent after the US Federal Trade Commission and nearly every US state sued the social media company yesterday, saying it broke antitrust law and should potentially be broken up. “We had a pretty nice boost in the morning on speculation that we might get a new package, but it's kind of an on-again and off-again thing,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin.

Britain this week became the first Western nation to begin a wide vaccination campaign. However, Britain injected a note of caution, saying people with a history of significant allergic reactions responded adversely to the Pfizer vaccine.

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