US stocks sold off in early trading on Monday in a sign of mounting investor anxiety as Wall Street enters a week of crucial earnings reports from prominent tech firms.
as Wall Street enters a week of crucial earnings reports from major tech firms.
after top Federal Reserve officials indicated sharper-than-expected rate hikes might be necessary to curb inflation. Major indices have been under pressure as Wall Street reacts to global uncertainty, including mounting fears of a global economic slowdown,The Federal Reserve has indicated it could hike interest rates at a sharper pace than expected.That uncertainty is weighing heavily on US stocks as closely-watched blue-chip tech companies prepare to report earnings. Apple, Amazon, Google parent Alphabet, Facebook parent Meta and Microsoft all will provide their latest quarterly results this week.
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