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Nasdaq Drops Over 3% as Fed Rate-Hike Talk Resurfaces

Original: 📈🇺🇸 Tech-Led Selloff Drags Nasdaq Down Over 3% as Fed Rate-Hike Talk Resurfaces Comments from two Federal Reserve offici

US tech stocks sold off sharply, with the Nasdaq falling more than 3% after comments from two Federal Reserve officials suggested further interest rate hikes may be needed. Investors already wary of stretched technology valuations reacted by dumping shares, reigniting debate over how long the Fed will keep monetary policy tight and what that means for high-growth stocks.

Why now: Fed officials' remarks about possible additional rate hikes rattled markets already nervous about tech valuations

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• 📈🇺🇸 Tech-Led Selloff Drags Nasdaq Down Over 3% as Fed Rate-Hike Talk Resurfaces Comments from two Federal Reserve officials suggesting more rate hikes may be needed rattled investors already nervous about stretched tech valuations. # Markets # Finance # Fed https://www.… · loopwire

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