The S&P 500 and Nasdaq experienced losses as Meta and Microsoft stock prices dropped, driven by concerns over Federal Reserve interest rate hikes. The S&P 500 fell by 1.8%, Nasdaq by 2.3%, Meta by 4.9%, and Microsoft by 3.5%. Investors are closely monitoring the Fed’s decisions for potential impacts on the market.

Read more at Investing.com: S&P 500, Nasdaq fall as Meta, Microsoft drag along with Fed rate concerns