Tech Stocks Plunge; FOMC Meeting Begins Tomorrow
U.S. stocks end the day mixed with the Dow Jones ending the day up, while the S&P 500 and the Dow Jones ended the day in the red. The demand for Alibaba's IPO may be sinking tech stocks. Alibaba nearing IPO debut may be prompting sales of other tech related stocks; Facebook (FB) fell 4%, Twitter (TWTR) dropped 5%, Yelp (YELP) and LinkedIn (LNKD) both fell more than 6%.The Federal Open Market Committee meeting begins tomorrow and many economists are expecting the Fed to announce a change in its bond-buying program. Some economists believe that the Fed's decision could also show when the Fed plans on raising interest rates.
Word on the Street
Published on Sep 15, 2014By InvestorGuide Staff