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Global Stocks Fall as Concerns Rise Over Trade, Brexit, & Facebook


Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, March 19, 2018.

Major U.S. and European stock indexes were sharply lower in Monday's trading over continuing fears of a trade war, Brexit, an upcoming U.S. Federal Reserve meeting and trouble with Facebook.

The Dow Jones industrial average and the Standard & Poor's 500 index were both down nearly 1.5 percent, while the tech-heavy NASDAQ was off more than 2 percent.

European markets also dropped over news of a possible deal for Britain's total exit from the European Union.

President Donald Trump's efforts to raise tariffs on steel and aluminum imports to the U.S. are raising concerns of a trade war, which is making investors nervous.

FILE - A Facebook logo is displayed at a start-up companies' gathering at Paris' Station F, in Paris, France, Jan. 17, 2017.
FILE - A Facebook logo is displayed at a start-up companies' gathering at Paris' Station F, in Paris, France, Jan. 17, 2017.

Also Monday, reports emerged that a consulting company associated with Trump's 2016 presidential campaign and worked with tech giant Facebook improperly gained access to information on millions of Facebook users.

The price of Facebook shares plummeted 7 percent on Monday, shaking up tech stocks in general.

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