Latest Breaking News On - Farah elbahrawy - Page 15 : comparemela.com

(Bloomberg) Tech heavyweights dragged on US benchmarks with stocks poised to extend a slump into a third day, a global bond market selloff intensified. The S&P 500 erased early gains, the equities gauge has closed below a closely-watched technical level twice this week. The Nasdaq 100 fell 0.5% with Apple Inc. and Tesla Inc. weighing on the large-cap growth index. While many investors had believed that the Federal Reserve was done raising interest rates, that’s no longer a sure thing after minutes from last meeting suggested officials are considering tighter policy. Data showing the labor market remains healthy did little to change the narrative Thursday. Investors will be turning to next week’s gathering of policy makers at Jackson Hole in Wyoming to gauge Fed sentiment. “This week’s data hasn’t given them any reason to let their guard down,” said Mike Loewengart at Morgan Stanley Global Investment Office. “With housing starts, retail sales, and jobless claims all rein

New yorkUnited statesJackson holeUnited kingdomStoxx europeFarah elbahrawyAneeka guptaAlex nicholsonRichard hendersonFlorian ielpoAlice gledhillTesla incApple incBloomberg televisionFederal reserveMike loewengart