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Tech stocks to drag Wall St lower after Fed’s taper talk

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Reuters

By Shashank Nayar (Reuters) – Technology stocks were set to lead Wall Street lower on Thursday after the Federal Reserve signaled it could start tapering its massive stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates. Shares of tech-heavyweights Amazon.com Inc, Apple, Microsoft Corp, Facebook Inc and Google-parent Alphabet Inc, which soared last year on the back of an ultra-loose policy by the Fed, fell between 0.4% and 0.6% in early deals. Investors are now razor focused on weekly jobless claims data that is due at 8:30 a.m. ET and …

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