U.S. stock benchmarks put in a mixed performance Thursday, with technology and other growth-oriented shares rallying a day after the Federal Reserve rattled the market by raising its forecast for inflation and signaling that it could lift benchmark interest rates sooner than had been expected.
Why tech stocks led the market
With gains led by tech and other growth stocks, which are more sensitive to rises in interest rates, it looks like investors "believe that the economy will continue to outperform in the months ahead, even if it eventually means higher interest rates," said Fawad Razaqzada, analyst at ThinkMarkets, in a note....