The Fed's interest rate cut triggered a volatile pullback in technology stocks, with funds flowing into undervalued sectors.
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最新报道：According to Bijie.com, Wall Street's high-flying tech stocks saw profit-taking on Wednesday, with funds beginning to flow into lower-valuation sectors. The Federal Reserve cut interest rates as expected, with Chairman Powell describing the move as "unusual" given the weak labor market and high inflation. A basket of stocks tracking the "Big Seven" fell 0.4%, snapping a four-day winning streak. Ivan Feinseth, chief investment officer at Tigress Financial Partners, stated that the market's excessive desire for rate cuts has led to high valuations in tech stocks, which need adjustment.
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