US stocks go down in opening under the weight of major tech stocks

The titles growth of companies with skyrocketing market capitalizations pushed US equity indices down at Thursday’s open, one day after a rally led by the Federal Reserve’s less aggressive tone.

The Dow Jones Industrial Average fell 206.89 points, or 0.61%, to 33854.17 points.

The Standard & Poor’s 500 index opened in down 29.74 points, or 0.69%, to 4270.43 points, while the Nasdaq Composite Index fell 177.33 points, or 1.37%, to 12787.52 points, citing Reuters.

US stocks closed in Strong rally Wednesday after the Federal Reserve announced a widely expected interest rate hike, the highest since 2000.

Stocks fluctuated after the announcement, then major indices stabilized and rose more than 2.5% on the heels of a press conference held by US Central Bank President Jerome Powell.

Yesterday the Federal Reserve raised the benchmark interest rate by half a percentage point.

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