Nasdaq ends sharply lower on Fed news
Technology companies have led stocks lower on Wall Street as investors weighed the implications of higher interest rates.
Technology companies have led stocks lower on Wall Street as investors weighed the implications of higher interest rates.
Traders are waiting to see if Europe's top central banks, the ECB and Bank of England, match the US Federal Reserve's upbeat message and cut stimulus.
The US Fed will end pandemic-era bond purchases as it exits from policies enacted at the start of the health crisis. Wall Street reacted to end sharply higher.
With expectations solidifying that the US Federal Reserve will this week announce a faster wind-down of asset purchases, Wall Street has ended lower.
European shares have risen as investors looked beyond the spread of the Omicron coronavirus variant.
Investors on edge ahead of a slew of central bank decisions this week are also being rattled by the spread of Omicron, leading Asian stocks and oil prices down.