Wall Street dragged down by tech sector

U.S. stock indexes fell during Friday’s trading amid heavy pressure and broad selling on Wall Street, particularly in the technology sector.

Speculation and uncertainty surrounding Federal Reserve policy returned to the forefront as concerns grew over the expected size of the rate cut at the upcoming December meeting.

According to the CME FedWatch tool, the probability of a 25-basis-point Fed rate cut in December shrank to 53.6% from 94.4% a month ago, while the probability of no change rose to 46.4% from 5.5%.

Early on Thursday morning, the U.S. House of Representatives voted in favor of the temporary funding bill, which was then signed by President Donald Trump, immediately ending the government shutdown that had lasted from early October until Wednesday.

In market trading, the Dow Jones Industrial Average fell 0.7% (360 points) to 47,094 points by 15:43 GMT, the broader S&P 500 slipped 0.2% (10 points) to 6,727 points, while the Nasdaq Composite rose 0.1% (13 points) to 22,884 points.