New Delhi, Nov. 14 -- Wall Street key indices tumbled on Friday, on a renewed selloff in technology stocks. Hawkish comments from Federal Reserve officials raised concerns about an interest rate cut in next month.
The historic, record-long US government shutdown, which recently concluded, created a critical data vacuum. The delay and potential non-release of key economic indicators, such as the October jobs report and inflation data, left both the Federal Reserve and traders worried. This lack of clear, up-to-date information increased market uncertainty, making investors risk-averse and further justifying the Fed's cautious stance on policy easing.
At 9:36 a.m. ET, the Dow Jones Industrial Average fell 568.05 points, or 1.24%, to 46,88...
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