© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 6, 2022. REUTERS/Brendan McDermid
By Bansari Mayur Kamdar and Praveen Paramasivam
(Reuters) -Wall Street’s main indexes fell for a third straight session on Thursday, as growth stocks extended losses on concerns over a more hawkish Federal Reserve and the war in Ukraine.
The tech-heavy Nasdaq took the biggest hit among the three main indexes, falling more than 1% and adding to a near 4.5% drop over the past two sessions.
Mega-cap growth stocks have come under pressure this week after comments from Fed policymakers and minutes from the central bank’s March meeting suggested a rapid removal of stimulus measures put in place during the pandemic.
St. Louis Federal Reserve President James Bullard said the the U.S. central bank’s short term policy rate should reach 3.5% later this year.
Minutes released on Wednesday showed that Fed officials “generally agreed” to…
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2022-04-07 17:11:00
