Facebook Slumps 5.0% as U.S. Stocks Open Lower
Facebook shares tumbled 5.0 percent in opening trading Monday following reports of a large data breach as US stocks fell ahead of a Federal Reserve policy decision later this week.
Of the major indices, Facebook weighed most heavily on the tech-rich Nasdaq Composite Index, which was down 0.9 percent to 7,414.41 about three minutes into trading.
The Dow Jones Industrial Average dropped 0.5 percent to 24,824.59, while the broad-based S&P 500 dropped 0.5 percent to 2,737.35.
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