TSX, U.S. markets slide Wednesday on tech losses and hawkish Fed remarks

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TORONTO — Canada’s main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector. Markets were mixed for much of the day, led by weakness in tech, but after the U.S.

TORONTO — Canada’s main stock index fell more than 200 points Wednesday on broad-based weakness, while U.S. markets also fell, led by losses in the tech sector. 

Markets were mixed for much of the day, led by weakness in tech, but after the U.S. Federal Reserve’s interest rate decision, they slid for the rest of the afternoon, with the Nasdaq ending the day 2.2 per cent lower and the S&P 500 down 1.6 per cent. 

The S&P/TSX composite index was down 205.99 points at 21,021.88.

In New York, the Dow Jones industrial average was down 317.01 points at 38,150.30. The S&P 500 index was down 79.32 points at 4,845.65,while the Nasdaq composite was down 345.88 points at 15,164.01.

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