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Global stocks slip as techs extend selloff; dollar rises

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 and comments by Fed Chair Janet Yellen afterward prompted some investor concerns the central bank's tone was ...

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First Published: Thu, June 15 2017. 23:33 IST