Dow Futures Slump, Apple Slides — and What Else Is Happening in the Stock Market Today

Updated June 16, 2022 5:09 am ET / Original June 16, 2022 4:01 am ET

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Stock futures were falling sharply Thursday after the Federal Reserve boosted interest rates the most since 1994, and signaled to Wall Street it would remain aggressive in its campaign to cool historically high inflation.

Contracts linked to the Dow Jones Industrial Average fell 487 points, or 1.6%, to 30,1641, and S&P 500 futures were down 2.1%. Futures on the tech-heavy Nasdaq futures declined 2.7%. Some of the bigger tech names traded on the index were slumping. Apple (ticker: AAPL) was falling 3.1%, Amazon.com (AMZN)…

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