Stocks fell Friday amid a drop in technology shares as tightening monetary policy to fight inflation buffets sentiment, while growth risks from the omicron virus variant helped to sustain demand for Treasuries.
MSCI Inc.’s Asia-Pacific index was down for the fifth session in six, with Chinese tech stocks sliding more than 2%. U.S. and European equity futures were in the red after the Nasdaq 100 sank the most since September. The gauge skidded on reduced ardor for more richly valued tech plays amid the Federal Reserve’s pivot toward reducing outsized stimulus.
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December 17, 2021 at 05:31AM
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Stock Market Today: Dow, S&P Live Updates for Dec. 17, 2021 - Bloomberg
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