NEW YORK (AP) — Stocks opened lower on Wall Street on Thursday, giving up some of the big gains they made the day before. Tech companies led the declines. The S&P 500 lost 1.1% early, while the tech-heavy Nasdaq fell 1.7%. The S&P 500 posted its biggest gain in two years a day earlier, relieved that the Federal Reserve was not considering even bigger interest rate hikes than it already was. Twitter rose after Tesla CEO Elon Musk said he had gained more support for his takeover bid for the company. Etsy fell sharply after giving a weak forecast.
THIS IS A BREAKING NEWS UPDATE. AP’s previous story follows below.
- Roosevelt Charts Road Out of Economic Depression – Archive, 1933 | American Politics
- Fed says latest Libor preparers may face surveillance action
- SBA’s delay in integrating new PPP guidelines is forcing applicants and lenders
- Our pandemic nightmare is almost over. We should all thank the US government