Big Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets Wrap

Big Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets Wrap

(Bloomberg) — Wall Street traders gearing up for the Federal Reserve decision scrambled to digest a selloff in big tech, the Treasury refunding plans and weaker-than-forecast data. Fresh concerns about regional lenders added to economic concerns that sent bond yields plunging, though banks pared losses as the session progressed.

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The most-influential group in the S&P 500 got hammered on Wednesday after some of its biggest names failed to live up to high expectations…


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