Facebook, Amazon and Apple shares are down on fears of the government forcing a big tech breakup
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 about 10% over the past month. As of market open, the Dow Jones Industrial Average had edged up .2%, while the S&P 500 was virtually flat. dataMeanwhile, one day after Cineworld's closure announcement crashed movie theater stocks, shares of America's largest theater chain, AMC Entertainment, are on the mend, adding 3% Tuesday after the firm said it has no plans to further suspend movie theater operations.
More than 80% of AMC's close to 700 U.S. theaters are open, and"will remain open," the firm said Tuesday; by the first week of September, about 70% of its U.S. locations had reopened. a new CEO and an increased sales outlook Monday after the closing bell.Election and vaccine uncertainty have heightened market uncertainty in recent weeks.
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