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US equity futures searching for direction hours before Tuesday's opening bell
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U.S. equity futures are searching for direction ahead of the Tuesday session on Wall Street.
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A selloff in Facebook stock and shares of other big technology companies rippled through the market, pushing major U.S. indexes to steep declines to start the week. Stocks opened with mild declines before losses quickly accelerated.
The S&P 500 fell 1.3% to 4,300.46. The Dow Jones Industrial Average dropped 0.9% to 34,002.92, and the tech-heavy Nasdaq lost 2.1% to 14,255.48.
FACEBOOK AND INSTAGRAM BACK AFTER LONGEST WORLDWIDE OUTAGE EVER; COMPANY DETAILS ROOT CAUSE
Small company stocks also fell. The Russell 2000 index gave up 1.1% to 2,217.47.
Facebook slid 4.9% a day after a former employee told "60 Minutes" the company has consistently chosen its own interests over the public good. The social network and its Instagram and WhatsApp platforms also suffered a worldwide outage that began around midmorning U.S. time on Monday.