Morning Report 4 June 19: ASX 200 set for gains despite falls for US tech names

 

US sharemarkets were mixed on Monday with tech stocks falling the most. Sources told Reuters the US Justice Department is preparing an investigation to determine if the Google-parent, Alphabet, broke antitrust laws. Alphabet lost 6.1%. Amazon fell 4.6% on a report that it could be put under the watch of the Federal Trade Commission. Facebook fell 7.5% after the Wall Street Journal reported that the FTC has secured the right to examine how the social media company practices affect digital competition. The Dow Jones index rose by 5 points or less than 0.1%. The S&P500 index fell by 0.3% and the Nasdaq lost 120 points or 1.8%.

 

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