Facebook, Amazon And Apple Shares Are Down On Fears Of Government Forcing Big Tech Breakup

Topline

Broad-market indexes are up Tuesday after U.S. President Donald Trump returned to the White House following his three-day hospitalization at Walter Reed Medical Center, but tech stocks are down as the House’s antitrust report on big tech firms nears release.

Key Facts

The tech-heavy Nasdaq, down .1%, is the only major index down this morning following a Monday evening report from Politico that revealed a draft of the U.S. House of Representatives’ antitrust report on big tech firms, slated for release later this week, contains provisions that would make it easier to break up Silicon Valley giants Facebook, Amazon, Apple and Google-parent Alphabet.

Each of the big four tech firms are down close to 1% this morning, with all of them now down

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