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Technology stocks declined as bond yields hit their highest level in three years and investors awaited more details about the Federal Reserve’s plan to raise interest rates.

The S&P 500 slipped 1.3% in early Wednesday trading. The benchmark stocks gauge fell 1.3% Tuesday after Fed governor Lael Brainard said the central bank was strongly committed to curbing inflation. The S&P 500’s technology sector fall 2.6%.

Source: WSJ

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