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Global stocks fall as techs extend selloff; dollar gains

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - World stock indexes fell on Thursday as technology shares extended their recent selloff, while the prospect of tighter monetary policy in the United States and Britain pushed up the dollar.High global inventories and doubts about OPEC's ability to implement agreed production cuts pressured oil prices.The Federal Reserve on Wednesday raised interest rates, as widely expected, and signaled another hike could follow this year. Its statement prompted worries for some investors that the tone was hawkish."When you look at the economic data, it really ...

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First Published: Thu, June 15 2017. 22:13 IST
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