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Weekend roundup: Tech stocks plunge | Strategies for rising interest rates | Which retailers may follow Sears into oblivion?

Philip van Doorn
Weekend roundup: Tech stocks plunge | Strategies for rising interest rates | Which retailers may follow Sears into oblivion?

When the Dow Jones Industrial Average (DJIA) declined 832 points on Wednesday, the worst S&P 500 (SPX) was information technology, which fell 5%. Here’s why investors are nervous about tech stocks. The Federal Reserve’s change of direction — it has increased the federal funds rate three times this year — has annoyed President Trump and is one of the factors leading to this weak’s significant pullback for stock prices.