US: Wall Street tumbles as tech selloff extends, rate cut hopes fade

[NEW YORK] Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.

The Dow Jones Industrial Average fell 234.8 points, or 0.5 per cent, at the open to 47,222.38. The S&P 500 fell 65.3 points, or 1 per cent, to 6,672.14​, while the Nasdaq Composite dropped 325.6 points, or 1.4 per cent, to 22,544.725. REUTERS