The Trader 

Market Outlook: Tech’s terrible day

The Trader

Unsurprisingly given the news, Facebook’s shares at one point yesterday had lost 7 per cent.  Over in Arizona a driverless car being road-tested by Uber killed a pedestrian on Sunday; their shares were down too.  FANGS generally got caught up in the turmoil and the NASDAQ index closed down 1.84 per cent from Friday’s close.  Not to be outdone the FTSE 100 was off 1.69 per cent because of a strengthening pound, and despite agreement on Brexit transition period and terms.     

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