Shares on Thursday fell sharply with the Nasdaq Composite
a drop of 5% as major indexes more than destroyed the gains seen in the previous session during the relief campaign that followed the long-awaited Federal Reserve rate hike. Technology and other rising stocks have suffered the most as treasury facing yields have jumped, with the 10-year figure being the highest since late 2018 at more than 3.04%. Dow Jones Industrial Average
According to preliminary data, it decreased by about 1063 points, or 3.1%, closing about 32,998, while the S&P 500
lost 3.6% and finished about 4147.
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