Nasdaq falls, led by Facebook and Amazon; Dow up
Published on Apr 29, 2014 3:35 AM
NEW YORK (REUTERS) - The Nasdaq tumbled on Monday, led by a selloff in Facebook and Amazon.com, while the Dow clung to a slim gain in spite of Bank of America's suspension of a planned dividend increase.
The three major US stock indexes lost ground after Reuters, citing sources, reported that European Central Bank President Mario Draghi sees quantitative easing as still a ways away.
The S&P 500 financial index fell 1 per cent.
The S&P consumer discretionary index, which includes Amazon, dropped 0.8 per cent.
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