Page 25 - ARUBA TODAY

BUSINESS WEdnESdAy 21 MArCh 2018
A25

Stock mostly higher but Facebook sinks again; Oracle plunges

organ Exchange Traded percent, to $168.15. The
Funds. drop in the last two days is
The gainers Tuesday were the worst for Facebook in
mostly larger companies, two years, and it knocked
which suffered the biggest Facebook from its perch
losses Monday. Smaller as the fifth most valuable
companies struggled and publicly traded company
more stocks fell than rose in the U.S. Warren Buffett's
on the New York Stock Ex- Berkshire Hathaway con-
change. glomerate, which owns
After a drop of 1.4 percent insurance companies and
Monday, the S&P 500 index railroads among many oth-
rose 4.02 points, or 0.1 per- ers, moved ahead of Face-
cent, to 2,716.94. The Dow book. Other social media
Jones industrial average companies also sank: after
gained 116.36 points, or 0.5 sharp losses Monday, Twit-
percent, to 24,727.27. The ter plunged $3.63, or 10.4
Nasdaq composite rose percent, to $31.35 and
20.06 points, or 0.3 percent, Snap lost 42 cents, or 2.6
to 7,364.30. The Russell 2000 percent, to $16. Alphabet,
index of smaller-company which fell 3 percent Mon-
stocks dipped 0.16 points day, lost another $427 to
to 1,570.41. $1,095.80.
Traders Tommy Kalikas, left, and Greg Mulligan confer on the floor of the New York Stock Ex- Amazon jumped $41.58, or Investors were disappoint-
change. Stock indexes finished mostly higher after a day of bouncing around Tuesday as retailers, 2.7 percent, to $1,586.51 ed with Oracle's third-quar-
energy companies and banks recovered some of their losses from the day before.
(AP Photo/Richard Drew) and Best Buy picked up ter report.q
$1.51, or 2.2 percent, to ROOMS FOR RENT per night in
By MARLEY JAY est rates on Wednesday. and Snap also fell as inves- $70.04. Industrial compa- the Center of Aruba with private
NEW YORK (AP) — Stock in- Facebook sank following tors considered the possi- nies including Caterpillar bedroom, WIFI, TV by Cable
dexes finished mostly high- reports that the Federal bility that the government recovered much of their and Private Parking.
er after a day of bouncing Trade Commission will in- will pass new laws affecting losses as well. Some major Since Usd .30 per night.
around Tuesday as retail- vestigate its handling of their businesses. technology companies in- whatsapp 5600312
ers, energy companies and user data while authori- "We don't know what's in cluding Apple, Microsoft Email:
banks recovered some of ties in the U.S. and U.K. de- store for an industry that and Nvidia moved higher lasaresidence@gmail.com
their losses from the day manded answers from the isn't really regulated," said after significant drops a
before, but technology company. That came after Samantha Azzarello, global day ago.
companies struggled as reports that Cambridge market strategist at JPM- Facebook lost $4.41, or 2.6
Facebook dropped again. Analytica, a data mining
Amazon led a rally among firm working for President
retailers, and it passed Al- Donald Trump's campaign,
phabet, Google's parent, improperly obtained data
as the second most-valu- on 50 million Facebook us-
able U.S.-listed company, ers without their permission.
while energy companies While Facebook stock re-
rose with oil prices. Banks gained a portion of its loss-
rose along with interest es at the end of the day,
rates as the leaders of the it has fallen more than 9
Federal Reserve met. They percent this week. Social
are expected to raise inter- media companies Twitter