US News

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

Published by

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 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 …

Read More

Facebook Comments

Check Also

Rwandan court finds ‘Hotel Rwanda’ film hero guilty in terrorism case

Published by Reuters By Clement Uwiringiyimana KIGALI (Reuters) ...