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Tech Stocks Sink, AI Rally Dwindles As Powell Hints At Further Hikes: What's Driving Markets Wednesday
Wednesday, June 21, 2023 - 2:02pm | 1347The U.S. stock market fell on Wednesday, with tech stocks largely underperforming the rest of the market, as Fed Chair Jerome Powell signaled during testimony before the House Financial Services Committee that additional hikes may be forthcoming to bring inflation back to the Fed’s target....