Stock Market

Stocks ends the session in a low as giant tech companies fall into negative positions, Apple and Alphabet in the Bear

US stocks

U.S. equities were in the bear as technology focused stocks faced renewed pressure after the Fed meeting.

In the recent economic data and it was quite disappointing, last month, The U.S. economy added 138,000 jobs that was well below the expected increase 185,000. The Labor Department said that the consumer price index is important in measuring the inflation rate. Which fell by 0.1 percent.

The Dow Jones Industrial was down by 15 points in the session with Goldman Sachs with the most losses. Earlier in the session the Index fell by more than 100 points but settled later in the session.

The S&P 500 was also down by 0.2 points with information technology sliding by 0.5 percent, the sector temporarily dropped by more than 1 percent while the Nasdaq composite pulled its weight back about 0.5 percent after falling for more than 1 percent earlier in the session.

Facebook, Amazon, Apple and Netflix shares all closed the session lower. By 4.29 percent at $17 share. Alphabet shares were also down after being downgraded by analysts at Canaccord Genuity.

Investors continued to digest the Federal Reserve’s decision to raise the interest rates and lay out a plan to unwind its $4.5 trillion balance sheet.

The U.S. central bank hiked rates for the second time this year, but some investors still has doubts with the Fed’s plans.

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