Nasdaq 100 takes it on the chin as Fed pushes yields higher

As just noted in the previous update, US stocks are falling back now and they may have further to go. Earlier is was looking like the Dow Jones might just snap a 9 day losing streak. Well, not right now by the looks of it. That and the Nasdaq 100 and S+P 500 are falling back and the Nasdaq 100 is falling the most in percentage terms. This is all due to the Fed indicating a slower pace of easing over the next 1-3 years. Earlier the index reached 22,038, after reopening at 21,979. It has now fallen below 21,800 (21,791 the low) and looks likely to close below 22k this evening, barring some really soothing comments from the Fed boss, when he debriefs the press shortly, at 7.30pm GMT. The index is right now trading at 21,820