Stocks Decline, Tech Giants Fall as Fed Signals Ongoing Rate Hikes
• World shares mixed after Wall Street's worst loss in 4 months as Fed signals rate cuts not imminent • Big Tech stocks like Alphabet, Microsoft, and Tesla fell sharply, weighing on Nasdaq • Amazon, Apple, and Meta to report earnings today • Fed says more confidence in disinflation needed before pausing rate hikes • Treasury yields swung after cooler economic data and Fed decision