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Breaking: Fed minutes show increased chances of interest-rate hike - MarketWatch
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
Fed minutes flag increased rate-hike chances — tech selling accelerates intraday.
Minutes released this afternoon show Fed officials raised the probability of another hike, hitting rate-sensitive megacap tech hard. NVDA is down 1.22% to $220.73 and AMD is sliding 1.26% to $441.735, with MSFT off 0.91% to $417.19. Small caps are holding — IWM is actually up 0.36% to $280.88, signaling rotation out of duration-sensitive growth.
Watch: Whether NVDA holds $220 as intraday support — a break accelerates the tech flush. IWM at $280.88 is the rotation tell; if it rolls over alongside tech, broader risk-off is taking hold.