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Tech stocks tumble as investors worry about spending
The selloff comes as Treasury yields rise ahead of the Fed meeting next week and oil prices move above $100 a barrel.
Tech stocks fell sharply as investors weighed concerns about spending, according to WSJ Markets.
In parallel, oil prices crossed $100 a barrel.
Treasury yields also rose ahead of the Federal Reserve meeting scheduled for next week.
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WSJ MarketsTech Stocks Tumble On Spending Worries