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Stocks drop across the globe on trade fears

Stocks are dropping here with the Dow leading the way lower. Plus is it endgame in Comcast’s war with Disney over Fox? We have the latest. And, is regulation a positive catalyst for Facebook? Wall Street says, “Yes.” Plus, move over Zuckerberg — the youngest billionaire ever may be an instagram celeb. Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland, and Yahoo Finance Editor-in-Chief Andy Serwer.

Winners and losers

Stocks in the red include US Cellular as JPMorgan cuts shares to Sell, citing the mobile operator’s lack of 5G initiatives; Cedar Fair as the theme park operator saw attendance decline 3% year over year; and American Airlines, as it trimmed its outlook for second-quarter unit revenue growth, citing pricing pressure for domestic flights.

Stocks in the green include LendingTree as insider GCI Liberty revealed in a filing that it bought 220,000 shares last week; Myriad Genetics as Morgan Stanley upgraded shares to Overweight, citing stability in sales of its HCT hereditary cancer test; and Fastenal, with shares ripping higher as the construction products maker beat on profit and revenue and upped its dividend.