Technology giants newly in the crosshairs of regulators led U.S. stocks lower, while speculation the Federal Reserve will warm up to rate cuts spurred a Treasury rally. The Nasdaq-100 Index extended losses from a record in May to more than 10% as the FAANG cohort of tech companies was said to potentially face federal probes on antitrust activity. Treasury two-year yields dropped to their lowest since 2017 and the dollar fell after James Bullard became the first Fed board member to publicly call for a rate cut amid the trade war. Selling was heaviest in Facebook Inc., Amazon.com Inc., Alphab...
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