Monday, April 28, 2014

Stocks slip on slide in U.S. growth shares, oil prices fall



(Reuters) - A slide in U.S. growth stocks led global equity markets to retreat on Monday from early gains on merger speculation driven by a bid for AstraZeneca, while crude oil prices fell on increased U.S. sanctions against Russia over the Ukraine crisis.



Nasdaq stocks shed nearly 1 percent in afternoon trading as investors dumped technology shares regardless of whether their first-quarter results were seen as good or not.


Facebook Inc (FB.O) fell 3.82 percent to $55.50, the biggest drag on the Nasdaq composite index. Amazon.com Inc (AMZN.O)fell 4.1 percent to $291.5, while Google Inc (GOOGL.O) fell 2.1 percent to $505.44.







Submitted April 28, 2014 at 03:10PM by StockJock-e http://ift.tt/1iuMUQP

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