Tech stocks were slipping Tuesday afternoon with the Technology Select Sector SPDR Fund (XLK) falling 1.8% and the Philadelphia Semiconductor index shedding 1.5%.
In company news, the Federal Trade Commission and 17 state attorneys general sued Amazon.com (AMZN), accusing the e-commerce giant of using illegal tactics to maintain its dominance. Amazon shares fell 3.3%.
Tesla (TSLA) and European automakers that ship electric vehicles made in China to the European Union are set to be included in an anti-subsidy investigation by the European Commission, the Financial Times reported Tuesday. Tesla shares fell 1.2%.
Hewlett Packard Enterprise (HPE) was awarded a $14 million US Army contract for a standalone computing system, according to a notice posted on the US Defense Department’s website. The company’s shares dropped 1.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.