Facebook Shares Drag On S&P 500 Unlisted Video
5 years ago
3
According to Reuters, Facebook shares are down over 3-percent after an analyst cut their stock's rating.
On the day, Facebook Inc. dropped 3.3-percent after Needham downgraded their stock from hold to buy.
Those losses dragged on the S&P's communication services index, which fell about 1-percent.
By the afternoon on March 18th, the S&P 500 was treading water, rising about 5-points due to gains from the financial and energy sectors.
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