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The KUIK Market Update for Monday, March 19: |
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Markets are down |
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Index |
Direction |
Change |
Units |
Index |
Time |
Change |
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Dow Jones Industrial Average |
Down |
(177) |
points |
24769` |
9:33 PM |
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S&P500 |
Down |
-0.7% |
percent |
2,732 |
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Nasdaq Composite |
Down |
-0.8% |
percent |
7,403 |
(1.50) |
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30 Year Treasury |
Up |
2 |
Basis Points |
3.10 |
Annual Yield |
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Facebook ignited contoversy over how it manages third-party access to users’ information, after the social network said a firm improperly kept data for several years despite saying it had destroyed those records. U.S. and British lawmakers slammed Facebook over the weekend for not providing more information about how the data firm, Cambridge Analytica, came to access information about potentially tens of millions of members without their explicit permission. |
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The privacy violations there are significant,” said Sen. Jeff Flake, Republican, Ariz. “The questions are: who knew it? When did they know it? How long did this go on? And what happens to that data now?” The attorney general in Massachusetts said her office plans to investigate the matter. Damian Collins, the U.K. lawmaker who chairs a parliamentary committee on media and culture, said he intended to ask Facebook Executives to testify before his committee, as part of its inquiry into how social-media manipulation affected Britain’s referendum decision to exit from the European Union. |
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Serving the West Side first, I am Mike Elerath of brcapitalinc.com for 1360 KUIK. |
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For today’s Market Update Report click to listen-> |
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