Tech Stocks Plummet Amidst Rate Hike Uncertainty, Triggering Market Volatility

Major tech companies saw sharp declines in value this week as concerns surrounding the Federal Reserve’s future interest rate decisions cast a shadow over financial markets. The Nasdaq and S&P 500 both dropped by about 1% to 2%, reflecting investor anxieties about valuations and potential Fed policy changes. This sell-off triggered widespread reactions across equity markets, with investors favoring traditionally safer sectors like utilities and healthcare.