The Nasdaq ended sharply lower on Thursday as the Federal Reserve’s announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors. Nvidia Apple Microsoft, Amazon, and Tesla tumbled between 2.6 percent and 6.8 percent, hitting the Nasdaq and the S&P 500, while the Dow Jones Industrial Average declined marginally. Most of those heavyweight growth stocks have outperformed the broader market in 2021, with Nvidia up more than 100 percent year to date. The Dow Jones Industrial Average fell 0.08 percent to end at 35,897.64, while the S&P 500 lost 0.87 percent to 4,668.67. The Nasdaq Composite dropped 2.47 percent to 15,180.44. The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022. That pleased investors who have increasingly worried about an inflation spike …
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