US stocks fall, led by tech shares as investors prepare for another Fed rate hike

Mon, 01/30/2023 - 16:06

NYSE Trader — Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.
Bryan R Smith/Reuters

Tech stocks led the market lower on Monday as investors brace for the Fed to hike interest rates again.
Chairman Jerome Powell is expected to boost rates by 25 basis points on Wednesday.
Mega-cap tech companies Apple, Amazon, Alphabet, and Meta will release earnings this week.

US stocks fell on Monday, with technology stocks leading the decline as investors brace for a key Federal Reserve interest rate decision and mega-cap tech earnings later this week.