Wall Street drops on trade worries, S&P 500 nears correction
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
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- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
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Facebook (FB) PT Lowered to $170 at Morgan Stanley
October 31, 2018 7:50 AM EDTMorgan Stanley analyst Brian Nowak lowered the price target on Facebook (NASDAQ: FB) to $170.00 (from $175.00) while maintaining an Overweight rating following the company's 3Q earnings report.
FB's '19 opexgrowth/capexguide of 40-50%/$18-20bn signal another year of investment for the company. Key... More
