Just as the administration was apparently trying to pump the market even higher with an idiotic story about possible payroll tax cuts (and during a session that was, for a brief time, focused on German fiscal stimulus, no less) a report about State AGs moving ahead on an anti-trust probe of big tech has emerged to hammer futures lower.
If accurate, the WSJ report would represent one of the most significant escalations in the push to break up the big tech companies yet. The news hit the Nasdaq, but in the context of the past week, the move wasn’t particularly significant…
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