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Nasdaq leads Wall Street lower as rate hike worries spark tech rout

Dow Jones Industrial Average was down 192.74 points, or 0.57%, at 33,806.30, the S&P 500 was down 38.75 points, or 0.90%, at 4,244.99

wall street, market, stocks
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Federal Reserve's July meeting were released on Wednesday, as investors tried to get an accurate reading of the central bank's monetary policy tightening path.

Reuters
Wall Street fell on Friday with megacap growth and technology stocks leading a broader market selloff as rate hike worries sapped risk appetite.

Federal Reserve's July meeting were released on Wednesday, as investors tried to get an accurate reading of the central bank's monetary policy tightening path.

The blue-chip Dow was on track to post slim weekly gains, while the Nasdaq and the S&P 500 were headed for their first weekly loss after four straight weeks of gains.

"Lot of individual not so great news here today and it's just manifesting in an overall market selloff," said Dennis Dick, retail trader at Triple

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First Published: Aug 19 2022 | 8:12 PM IST

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