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macroJun 23, 2026, 6:59 AM

Fed's Hawkish Tilt, Tech Stocks Slide, UK PM Starmer Resigns

US stock indices fell as tech giants Alphabet, Amazon, and Microsoft dropped sharply amid a hawkish Fed stance, while UK Prime Minister Starmer resigned.

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US equities came under pressure yesterday, weighed down by selling in major technology names. Alphabet (GOOG) fell 5.1%, Amazon (AMZN) dropped 4.8%, and Microsoft (MSFT) declined sharply, contributing to a broad slide in stock indices.

The sell-off was triggered by a hawkish tilt from the Federal Reserve, raising expectations of tighter monetary policy. Separately, UK Prime Minister Starmer resigned, adding a geopolitical dimension to the session.

Source: FXStreet Forex News