Market Roundup: Major Indices Down More than 5% While Fed Hikes Interest Rates

Economy/Stock Market

Stocks slipped on Monday with Technology shares dragging down the stock indices. The Dow Jones Industrial Average dropped 1.3%, falling back into negative territory for 2018. Facebook lost about $36.4 billion in market value on the discovery that a firm tied to Trump’s 2016 election campaign gathered data from millions of Facebook profiles without authorization.