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$850,000,000,000 Wiped Out: US Tech Stocks Witness Steepest Fall In Three Months
Source: NDTV Profit (Feedburner) · 4 hr ago
Summary
U.S. technology stocks saw their market value drop by roughly $850 billion, marking the sharpest decline in three months. The slide was triggered by September inflation rising to 3.7%, which renewed worries that the Federal Reserve may raise interest rates further.
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From the original report
US technology stocks lost around $850 billion in market value in their steepest fall in three months as September inflation accelerated to 3.7%, reviving concerns over further Federal Reserve rate hikes.
Excerpt from NDTV Profit (Feedburner).
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