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Yahoo BusinessMay 28, 2020
Nasdaq 100 Futures Drop on Report of Trump Executive Order
(Bloomberg) -- Nasdaq 100 Index futures fell on a report Donald Trump is preparing to sign an executive order that could threaten to penalize Facebook Inc., Google and Twitter Inc. for the way they moderate content on their sites.Contracts for June delivery on the Nasdaq 100 fell as much as 0.8%, before paring losses to 0.4% as of 9:32 a.m. in London. Trump's upcoming executive order aims for federal regulators to review a law that spares tech companies from liability for comments and content posted by users, the Washington Post reported. Investor sentiment was also damped by deteriorating U.S.-China ties."U.S. tech stocks are dropping on profit taking and risk aversion, as they are at the forefront of the U.S.-China cold war," said Nader Naeimi, the head of dynamic markets at AMP Capital Investors Ltd. in Sydney. In addition, there is news that "Trump is preparing to sign an executive order that could threaten to penalize Facebook, Google and Twitter."Trump is poised to take action Thursday that could bring a flurry of lawsuits down on Twitter, Facebook and other technology giants by having the government narrow liability protections that they enjoy for third parties' posts, according to a draft of an executive order obtained by Bloomberg.While Nasdaq 100 futures declined, contracts on other indexes were mixed. Futures on the S&P 500 were little changed and those on Dow Jones Industrial Average advanced 0.4%. The underlying S&P 500 climbed to the highest since early March on Wednesday, holding above 3,

MarketWatch MarketPulseMay 28, 2020
COVID-19 case tally: 5.71 million cases, 356,042 deaths after U.S. death toll tops 100,000
The global case tally for the coronavirus that causes COVID-19 climbed to 5.71 million on Thursday, according to data aggregated by Johns Hopkins University. The death toll rose to 356,042. More than 2.4 million people have recovered. The U.S. has the highest case toll in the world at 1.7 million and the highest death toll at 100,442. Brazil has 411,821 cases and 25,598 deaths, while Russia has 379,051 cases and 4,142 fatalities. The U.K. has 268,619 cases and 37,542 deaths, the highest death toll in Europe and second highest in the world after the U.S. Spain has 236,259 cases and 27,117 deaths, while Italy has 231,139 cases and 33,072 deaths. France has 183,038 cases and 28,599 deaths, while Germany has 181,918 cases and 8,449 deaths. Turkey has 159,797 cases and 4,431 deaths and India has 158,613 cases and 4,540 deaths. Iran has 141,591 cases and 7,564 deaths. Peru has 135,905 cases and 3,983 deaths. Canada is next with 88,989 cases and 6,876 deaths. China, where the disease was first reported late last year, has 84,106 cases and 4,638 deaths.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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