"Global Markets Await Federal Reserve's Interest Rate Decision"

Technology stocks, including Alphabet and Microsoft, slumped as high expectations weighed on the market, with the S&P 500 potentially heading for its worst day in six weeks. The Federal Reserve hinted at potential delays in interest rate cuts, contributing to the market's losses. The "Magnificent Seven" tech stocks, responsible for much of the S&P 500's return last year, faced challenges amid high expectations. Meanwhile, easing bond yields provided some lift to stocks, but the Fed's decision to leave interest rates unchanged and its cautious approach to rate cuts added to market uncertainty.