The markets retreated during the midday with the Dow falling 67 points to 24,243. Nasdaq dropped 34 points to 7085.
Twitter has acknowledged that Cambridge Analytica had access to its data for one day in 2015. Access to public tweets between December 2014 and April 2015 was granted to Dr. Aleksandr Kogan's Global Science Research firm which in turn sold the data to the political consulting group. Facebook has been embroiled in controversy for exposing the personal data of up to 87 million users to Cambridge Analytica.
Walmart will sell its supermarket business in the United Kingdom to Sainsbury's in a cash and stock deal valued at approximately $10 billion. Combining the second and third largest supermarket chains in the UK will create a leader in the industry with more than 2,800 stores and approximately $70 billion in annual revenue. Walmart will retain a 42% stake in the merged retailer.
Disney's Avengers: Infinity War set multiple records at the box office this weekend. The movie's domestic opening weekend tally of $250 million surpassed the previous record holder, Star Wars: The Force Awakens, by more than $2 million while its global haul of $630 million topped prior record holder Fate of the Furious by more than $88 million. The latest installment from the Marvel Universe will open in Russia on May 4 and in China on May 11.
In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 12 points to 2,657. Bitcoin added $25 to $9,347.