Spencer Platt is a photographer.
The tech-laden Nasdaq led declines for a second day.
The Fed and other central banks have tightened monetary policy.
The Omicron coronaviruses variant cases are on the rise around the world.
The tech sector led the decline in US stocks on Friday as investors digest moves by top central banks to tighten monetary policy.
The S&P 500 is on track to finish the week positive, but the Nasdaq is poised to give up all of its gains from earlier in the week.
The Federal Reserve's decision to accelerate the pace of bond-buying and to signal three rate hikes in the next four years caused markets to surge immediately. Chairman Powell indicated flexibility during his press briefing despite the Fed's morehawkish stance.
The Fed joined the other central banks. The European Central Bank said it would wind down an emergency bond-buying program after the Bank of England increased interest rates. The net effect is less asset purchases.
The US indexes stood at 4:00 pm. The close is on Wednesday.
The stock of the EV maker fell as CEO Musk sold another $884.1 million worth of shares. His sales have increased to nearly 14 billion.
Ray Dalio, the hedge fund giant, confirmed he has ether in his portfolio but described it as a relatively small part of his portfolio.
Michael Saylor, the CEO of MicroStrategy, said that thecryptocurrencies doesn't need Warren Buffet's endorsement to be wildly successful.
West Texas Intermediate crude oil fell to $71.21 per barrel. The international benchmark for crude oil, called Brent, fell 1.60% to $73.84 per barrel.
The price of gold rose to $1,808.30 per ounce. The 10-year US treasury rate fell.
Business Insider has an original article.
