Home / Wall Street ends down for third day as growth concerns weigh on tech

Wall Street ends down for third day as growth concerns weigh on tech

 Wall Street ends down for third day as growth concerns weigh on tech

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  • Tech stocks down in aftermath of Fed’s latest rate move
  • Investors concerned about possibility of recession
  • Darden Restaurants falls on downbeat quarterly sales
  • JetBlue posts lowest close since March 2020
  • Indexes down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37%

Sept 22 (Reuters) – Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve’s latest aggressive move to rein in inflation by selling growth stocks, including technology companies.

The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a longer trajectory for policy rates than markets had priced in, fuelling fears of further volatility in stock and bond trading in a year that has already seen bear markets in both asset classes. read more

The U.S. central bank’s projections for economic growth released on Wednesday were also…

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