Renewed selling pressure among large cap technology stocks led the benchmark US equity indices lower, with investors also continuing to contemplate the latest Federal Reserve monetary policy statement (that saw the central bank raise interest rates +25 basis points as expected and outline plans to unwind their ~US$4.5 trillion balance sheet) - Dow eased -15-points or -0.07% and the broader S&P500 -0.22% (with Basic Materials and Energy the worst performing sectors). The NASDAQ -0.47%. Snap closed down -4.9% to settle at its initial public offer (IPO) price of US$17/share.
