MARKET WRAP: JSE falls as Fed comments result in sell-off in tech stocks

The JSE closed weaker on Friday, tracking its global peers as comments by US Federal Reserve officials led to a sell-off in technology stocks.

In addition to prospects of a first rate hike in March, Fed officials have delivered some hawkish testimony before Congress this week, as higher energy costs and supply-chain disruptions stoke price pressures in the world’s largest economy…