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S&P 500 Retreats As Tech Stocks Remain Under Pressure

Eric Stanberg

Dec 20, 2022 17:59



The S&P 500 tests new lows as traders continue to be alarmed by the aggressive Fed.


As investors continued to dump tech stocks, the S&P 500 dropped toward the 3815 level. Over 1% of the heavily tech-weighted NASDAQ Composite dropped during today's trading.


The yield-sensitive tech stocks were negatively impacted by today's increase in Treasury yields. As they lower risks, traders' top worry is still the hawkish Fed.


Large-cap stocks like Amazon and Meta are down more than 2% in today's trading session. While this is happening, energy stocks are rising as WTI oil was able to settle over the $75 level.

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