/Tech Stocks Set for More Losses After Nasdaq Sinks – The Wall Street Journal

Tech Stocks Set for More Losses After Nasdaq Sinks – The Wall Street Journal


Technology stocks were poised for further losses, as the prospect of interest rate-rises briefly pushed Treasury yields to their highest levels since the start of the pandemic.

Futures for the technology-heavy Nasdaq-100 fell 0.5% Thursday. On Wednesday, the Nasdaq Composite Index posted its biggest daily loss since February after minutes of the Federal Reserve’s most recent meeting showed officials eyeing a faster timetable for raising rates.

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