SEPTEMBER 7, 2019 9
25
THEBOSTONGLOBE
Index of publicly traded companies in Massachusetts
Major US stock indexes finished little changed Friday after
a day of mostly quiet trading capped the S&P 500’s second
straight weekly gain. The market shook off an early stum-
ble thanks largely to gains in health care stocks, makers of
consumer products, and retailers. Technology, communica-
tions, and utilities stocks fell, as did bond yields and gold
prices. Facebook dropped 1.8% after New York’s attorney
general announced an antitrust investigation into the com-
pany. Traders had a muted reaction to new data showing
that US employers added fewer than expected jobs in Au-
gust. The report also indicated more people entered the
workforce last month, wages rose more than expected and
the unemployment rate remained near the lowest level in
five decades. ASSOCIATED PRESS
Markets
Marketendsweekonupnote
DOW JONES industrial average
NASDAQ Composite index
S&P 500 index
Globe 25 index
SOURCE:BloombergNews
There is a force uniting the
nation’s fierce partisan divide:
big technology companies.
Democrats and Republicans at
the federal and state levels are
uniting to scrutinize the power
of the tech giants and poten-
tially to rein them in.
Letitia James, New York’s
attorney general, announced
Friday that the attorneys gen-
eral in eight states — four
Democrats and four Republi-
cans — and the District of Co-
lumbia had begun an antitrust
investigation of Facebook.
Next up for state regulators
is Google. A similarly biparti-
san group led by eight attor-
neys general is set to an-
nounce Monday a separate but
comparable investigation. The
search giant is expected to be
the focus of that inquiry, ac-
cording to two people familiar
with the plan who spoke on
the condition of anonymity
ahead of the official announce-
ment.
The state investigations co-
incide with bipartisan scrutiny
of the Silicon Valley giants that
isunderwayinWashington,by
House and Senate committees,
and by the Justice Department
and the Federal Trade Com-
mission.
In a statement Friday,
James said, “Even the largest
social media platform in the
world must follow the law and
respect consumers.” Joining
James in the effort are the at-
torneys general of Colorado,
Florida, Iowa, Nebraska, North
Carolina, Ohio, Tennessee and
the District of Columbia.
In a statement, Will Castle-
berry, Facebook’s vice presi-
dent of state and local policy,
said that the company “will
work constructively with state
attorneys general, and we wel-
come a conversation with poli-
cymakers about the competi-
tive environment in which we
operate.”
A Google spokesman said
in a statement, “We look for-
ward to working with the at-
torneys general to answer
questions about our business
and the dynamic technology
sector.”
NEW YORK TIMESRegulating
big tech is a
bipartisan issue
DETROIT — The Trump
administration on Friday
launched an all-out assault on
California over mileage rules,
opening an antitrust investiga-
tion and telling state officials
that they appear to be violat-
ing federal law in a deal with
four automakers setting tough-
er emission standards.
The outcome of the emis-
sions fight will make or break
an effort by President Trump
to relax Obama-era mileage
standards nationwide. Califor-
nia’s congressionally granted
authority to set its own, tough-
er emissions standards under
the 1970 Clean Air Act has
long prodded automakers to
adopt more fuel-efficient pas-
senger vehicles.
Ford and Honda confirmed
receiving a letter from the US
Justice Department informing
them of an antitrust inquiry
into a July deal with Califor-
nia, in which the two auto-
makers along with Volkswagen
and BMW agreed to stricter
emissions standards than pre-
ferred by Trump. The Depart-
ment of Transportation and
the Environmental Protection
Agency sent a letter to Califor-
nia saying the deal appears to
violate the Clean Air Act and
other laws.
California has emerged as a
leader of state-level efforts to
block Trump administration
moves weakening environmen-
tal protections. As part of
those efforts, dozens of law-
suits have been filed challeng-
ing administration rollbacks.
ASSOCIATED PRESSAdministration
challenges Calif.
mileage rules
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