Thursday, 15 June 2017

Wall Street dips after Fed rate hike >> Get Free Stock Tips Call us 9644405056


A slide in technology stocks pulled down the Nasdaq Composite on Wednesday and the S&P 500 ended slightly lower, as investors worried about the pace of economic growth after weaker-than-expected inflation numbers and an interest rate hike from the Federal Reserve.

The Nasdaq cut its loss in more than half in a late rebound, having earlier fallen 1 percent, while financials buoyed the Dow industrial.

The US central bank cited continued US economic growth and job market strength, proceeding with its first tightening cycle in more than a decade.

But some investors worried about the Fed's hawkish tone and that concerns about rate hikes were being reflected in the tech sector, which has led the S&P 500's nearly 9-percent rally this year.

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