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By Staff Reporters
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The European Union is investigating Meta, Apple, and Alphabet for potential violations of its Digital Markets Act. And its regulators have started looking into Amazon as well.
The Digital Markets Act is the EU’s law to make the markets in the digital sector fairer and more contestable. In order to do so, the Digital Markets Act (“DMA”) establishes a set of clearly defined objective criteria to identify “gatekeepers”.
And, stocks were headed for a great Tuesday before investors sent stock indexes back down and leaving the Dow largely unchanged. Meanwhile, Donald Trump’s social media company, Truth Social, surged 16% in its first day of trading, just as the former president must pay $175 million as part of his civil fraud trial.
Here’s where the major benchmarks ended:
- The S&P 500 index lost 14.61 points (0.3%) to 5,203.58; the Dow Jones Industrial Average dropped 31.31 points (0.1%) to 39,282.33; the NASDAQ Composite tumbled 68.76 points (0.4%) to 16,315.70.
- The 10-year Treasury note yield (TNX) fell two basis points to 4.23%.
- The CBOE Volatility Index edged up 0.05 to 13.24.
In terms of sector performance, utilities, information technology, and energy were the weakest. Health care and financials saw relative strength.
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Filed under: "Ask-an-Advisor", Breaking News, Drugs and Pharma, Ethics, Experts Invited, Financial Planning, Health Economics, Health Insurance, Healthcare Finance, Investing | Tagged: Apple, CBOE, Digital Markets Act, DJIA, DJT, DMA, EU, European Union, FB, financials, google, health csre, Meta, NASDAQ, NYC, onald Trump, S&P 500, TNX, Trump, Truth Social, VIX | Leave a comment »
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