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Growth stocks drag Wall St lower on rate hike worries; Dow slips 295 pts

Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc , Amazon.com and Tesla Inc slipped between 2% and 5.9%; Beyond Meat down in volatile trading

Wall Street, US stocks, S&P, Dow Jones
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Reuters
Wall Street's main indexes fell on Thursday, with growth stocks leading declines for a second straight session as investors worried that aggressive interest rate increases to curb decades-high inflation could tip the economy into recession.

Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc, Amazon.com and Tesla Inc slipped between 2% and 5.9%.

Ten of the 11 major S&P sectors declined in morning trade.

Technology and consumer discretionary stocks fell 1.2% and 2.4%, respectively.
The tech-heavy Nasdaq index slumped more than 3% on Wednesday, after data showed U.S. consumer prices moderated in April but were likely to stay hot for a

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