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Verizon Proves Resilient in Sell-Off; Decoding the Facebook Short -- ICYMI

Michael Brown

To quote the great 'Anchor Man,' Ron Burgundy: "Boy, that escalated quickly." Things certainly escalated quickly for the markets today as the Dow started the day in positive territory then almost immediately switched course and dove deep into the red. led the Dow lower but wasn't the only industrial to suffer on the news, as companies in the sector fell across the board Tuesday. Shares of the Google parent fell nearly 5% after the search giant easily beat first-quarter earnings and revenue expectations only to see concerns about rising costs negate any positive reaction from investors.