# LIVE MARKETS Wall Street nurses Fed hangover, tech drags the party down

> Wall Street stocks were weighed down by tech shares after the Federal Reserve's hawkish policy turn. The Fed said it would end its asset purchases in March and signaled as many as three rate hikes in the coming year to fight inflation.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/43489-live-markets-wall-street-nurses-fed-hangover-tech-drags-the-party-down
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected tighter US policy tends to strengthen the dollar and raise borrowing costs, which can pressure commodity prices and feed-buyer hedging costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-26 | [LIVE MARKETS Wall Street wobbles as the Fed gets its hawk out](https://feedsoft.ai/events/43045-live-markets-wall-street-wobbles-as-the-fed-gets-its-hawk-out.md) | +0.2% | -0.4% |
| DXY | 2020-12-31 | [GLOBAL MARKETS Wall Street inches higher, dollar gains as tumultuous year nears finish line \| Reuters](https://feedsoft.ai/events/49842-global-markets-wall-street-inches-higher-dollar-gains-as-tumultuous-year-nears.md) | -0.0% | +1.0% |
| DXY | 2018-02-05 | [Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald](https://feedsoft.ai/events/66721-hawkish-fed-strong-dollar-jolt-korean-markets-the-korea-herald.md) | +1.1% | +0.6% |
| DXY | 2023-09-20 | [Live Coverage of the Fed's September Meeting](https://feedsoft.ai/events/34006-live-coverage-of-the-fed-s-september-meeting.md) | +1.1% | +2.2% |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/asia/live-markets-wall-street-nurses-fed-hangover-tech-drags-party-down-2021-12-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.