Wall Street Falls After Slide in Big Tech Stocks

Wall Street Falls After Slide in Big Tech Stocks
Traders work on the floor of the New York Stock Exchange (NYSE) in New York on Nov. 29, 2021. Brendan McDermid/Reuters
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Wall Street’s main indexes fell on Friday as big technology-related shares tumbled, reeling from the Federal Reserve’s decision to end its pandemic-era stimulus faster.

An announcement from the Fed this week signaling three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation put pressure on heavyweight tech stocks.