Facebook’s Terrible Timing and Why a Trade Deal Matters for Tech Stocks

When trade tensions were simmering, Facebook was one of the stock market’s few shining spots. But just as worries about trade are easing, it has become anything but.

Up until Wednesday, Facebook was a standout stock in what has been a mediocre year, returning 23%. The S&P 500, in contrast, returned 7.6% — and would have returned 7.2% if it hadn’t been for Facebook, and 3.8% without the other top four big tech stocks. But the company’s disappointing results and worrisome conference call after the close Wednesday radically…


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