GLOBAL MARKETS-Tech shares buck trend as hawkish Fed weighs on global stock markets


The Nasdaq ended 13 points short of its record finish on Monday, but it was still the index's second-highest close ever. The Dow Jones Industrial Average fell 210.22 points, or 0.62%, to 33,823.45, the S&P 500 lost 1.84 points, or 0.04%, to 4,221.86 and the Nasdaq Composite added 121.67 points, or 0.87%, to 14,161.35.

WASHINGTON/LONDON Wall Street was broadly under pressure on Thursday and European shares fell for the first time in two weeks on hawkish signals from the U.S. Federal Reserve, even as U.S. technology stocks notched gains.

The U.S. dollar hit a two-month high and long-dated Treasury yields whipsawed, tumbling after initially spiking on Wednesday's surprise move from the Fed to raise interest rates at a much faster pace than expected.

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