U.S., China tech stocks lead sell-off after Fed’s hawkish pause

By September 22, 202316 views

All the major U.S. stock indexes fell a day after the Federal Reserve’s latest interest rate decision.
© Reuters

JACK STONE TRUITT, Nikkei staff writer |

NEW YORK — U.S. and Chinese tech stocks led a broad market downturn one day after the Federal Reserve held interest rates steady while signaling they would remain higher for longer.

The tech-heavy Nasdaq closed down 1.8% Thursday, declining for the second straight day. The S&P 500 ended the day down 1.6% following Wednesday’s 0.9% decline.

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