Google's fine of 2.4 billion Euro ($2.7 bn) by the EU for violating anti-trust rules dampened market enthusiasm and large cap tech stock led the decliners.
Reversing gains technology shares were battered in today's trading leading the sector down 2.1% this month on the S&P 500 while Nasdaq dropped 1.61%.
The Dow Jones slipped -0.46% and the S&P 500 fell -0.81%. Among movers were Signet Jewelers up +4.56% and Darden Restaurants up 2.9%.
- Dow 21,310 -0.46%
- S&P 500 2,419 -0.81%
- Nasdaq 6,146 -1.61%
- Russell 2000 1,403 -0.93%
- NYSE Composite 11,7168 -0.36%
- Gold 1,247.10 0.06%
- Oil WTI $43.67 0.67%
- 10-Year Treasury 2.207% 0%
Google record fine
It took seven years of investigating by the European Commission as to whether Google was using its market dominance to favour its shopping service. At its conclusion, the Commission determined it had done and meted out a record $2.7 bn fine.