Wall Street pushes stocks down, dollar up on Fed hike fears

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Reuters

By Lawrence Delevingne (Reuters) – U.S. stocks fell and the dollar rose on Friday even as Treasury yields gained, with traders weighing additional interest rate hikes from the Federal Reserve to combat inflation. With higher rates looming, high-growth and technology stocks such as Amazon.com Inc and Alphabet Inc fell more than 2%. Banks declined and were on track to end the week lower, potentially snapping their six-week winning streak. And an earnings miss by heavy equipment maker Deere & Co. added to the risk-off mood. The Dow Jones Industrial Average fell 0.71%, to 33,758.75; the S&P 500 lo…

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