The selling tide of US technology stocks has intensified, and the expected interest rate cut has been thwarted, which has exacerbated market panic
2025-11-14 15:38:33
The tech-dominated sell-off in U.S. stocks deepened on Friday as major benchmarks fell below support and concerns grew that the Federal Reserve might not cut interest rates at its next meeting. The S & P 500 opened 0.8 percent lower on Friday, extending a tech-led slump and falling below its 50-day moving average. The tech sell-off also weighed on the Nasdaq 100, which opened down 1 percent. The blue-chip Dow Jones Industries Average Index fell 1.1 percent. The CBOE Volatility Index climbed above 22. Brian Jacobsen, chief economic strategist at Annex Wealth, said: "There is always something to worry about in the market, and now concerns about the Fed's December pause have replaced concerns about a prolonged government shutdown, even though the government has reopened, economic data is still in a'dark 'state, which will take more time to resolve. That's part of the reason why stocks have been pulling back and trying to get a foothold."
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