US STOCKS-Tech stocks drag Wall Street lower ahead of Fed meeting
U.S. stock indexes fell on Tuesday as a selloff in technology firms ahead of the Federal Reserve’s policy meeting overshadowed upbeat results from blue-chip companies including IBM and Johnson & Johnson.
The S&P 500 index had briefly declined as much as 10.6% from its Jan. 3 closing peak, flirting with a correction for the second time this year before clawing back some lost ground in early afternoon trading.
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