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U.S. stocks fall as rate-hike expectations rise

  • U.S. stocks fell broadly as expectations for Federal Reserve rate hikes increased.
  • 0.44%, 1.26% and 0.64% were the Dow, Nasdaq and S&P 500 intraday declines.
  • Chip stocks weakened, with SK Hynix down 4.1% and Intel down 3%.

U.S. stocks declined during trading on Sept. 10 as expectations for Federal Reserve interest-rate hikes strengthened, according to BIT (Bit.com) market data. The Dow fell as much as 0.44% intraday, the Nasdaq dropped 1.26% and the S&P 500 declined 0.64%. Chip stocks also weakened, with SK Hynix down 4.1%, Intel off 3%, SanDisk lower by 3.2% and TSMC down 1.7% after its earnings report.

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