Amazon drops 6% as Trump weighs antitrust action

Tech stocks are in for another volatile day as Tuesday’s selloff gave way to a pre-market roller coaster.
Facebook Inc. initially led peers higher in early trading after unveiling new privacy settings in response to criticism about its handling of millions of users’ personal data. But the sector soon took a downturn after Axios reported that President Donald Trump is said to be looking at whether to go after Amazon.com Inc. with antitrust or competition law. Amazon fell as much as 6.