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.
GOOGAMZNMSFT
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