US stocks fell sharply in afternoon trade as investors reassessed the path of interest rates and rotated out of high-valuation technology names. The S&P 500 and Nasdaq Composite each dropped more than 1%, with traders increasingly wary that borrowing costs may stay elevated for longer than previously expected.
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"S&P 500, Nasdaq Slide as Rate Fears Hit Tech Shares in Wall Street Selloff"
US stocks fell sharply in afternoon trade as investors reassessed the path of interest rates and rotated out of high-valuation technology names. The S&P 500 and Nasdaq Composite each dropped more than 1%, with traders increasingly wary that borrowing costs may stay elevated for longer than previously expected.
S&P 500, Nasdaq Slide as Rate Fears Hit Tech Shares in Wall Street Selloff
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (04:21 PM IST)•5 min read
US stocks fell sharply in afternoon trade as investors reassessed the path of interest rates and rotated out of high-valuation technology names. The S&P 500 and Nasdaq Composite each dropped more than 1%, with traders increasingly wary that borrowing costs may stay elevated for longer than previously expected.
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