MARKET WRAP: JSE falls as Fed comments result in sell-off in tech stocks
Local bourse followed its global peers weaker on Friday with technology stocks, seen as most sensitive to higher interest rates, hit the most
14 January 2022 – 18:16
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…
Source: businesslive.co.za