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Tech sell-off drags US stocks lower

Tech sell-off drags US stocks lower

US stocks fell on Wednesday dragged lower by tech, while Treasuries slid after an unexpected increase by the Bank of Canada stoked expectations that central banks may not be done raising rates.

Wall Street’s benchmark S&P 500 lost 0.4 per cent, pulled down by tech and communications stocks. The tech-heavy Nasdaq Composite fell 1.3 per cent.

The Russell 2000 index of small-cap companies rose to its highest level since the US regional…


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