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Market Wrap

Tech stocks were trounced and the Dow dove as Wall Street tumbled amid fears that the Fed will tighten interest rates. By midday, the Nasdaq lost 48.5 points, or 2.60 percent, closing at 1820.31. The Dow closed down 146.98 points at 8917.64, a loss of 1.62 percent.

Tech stocks were trounced and the Dow dove as Wall Street tumbled amid fears that the Fed will tighten interest rates. By midday, the Nasdaq lost 48.5 points, or 2.60 percent, closing at 1820.31. The Dow closed down 146.98 points at 8917.64, a loss of 1.62 percent.