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wall street: Wall Street extends sell-off as Powell hints at further rate hikes

The three major US stock indexes declined for a third straight day, with tech-related shares weighing heavily, after Federal Reserve Chairman Jerome Powell reinforced the central banks commitment to reducing inflation and hinted at further interest rate increases. Tesla, Microsoft, and Nvidia were among the worst performers. At last glance, the markets had priced in a 74.4% probability of a further 25 basis point rate rise. Energy stocks led the gainers, while UPS and FedEx were among the bigges...
United States Ankika Biswas Jerome Powell Ryan Detrick Johannm Cherian Shubham Batra

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