
Tech Stocks Plunge as Hawkish Fed Signals Rate Hikes
Federal Reserve Chair Kevin Warsh delivered a hawkish speech at Jackson Hole, signaling potential interest rate hikes to combat stubborn inflation, causing technology stocks to plunge Friday. The Philadelphia Semiconductor Index dropped 3.6 percent, while the Technology Select Sector SPDR ETF fell 1.5 percent and the S&P Semiconductor ETF declined...








