Tech leads stock slump as Wall Street eyes Fed’s next move: Stock market news today

US stocks sunk Friday as the major indexes failed early on to build on a Thursday rally and were in danger of giving up the week’s gains.

The S&P 500 (^GSPC) was down 0.9%, while the Dow Jones Industrial Average (^DJI) slumped by 0.5%. The tech-heavy Nasdaq Composite (^IXIC) plunged 1.4%, leading the way down.

The moves Friday came as China reported that its economy picked up steam last month, easing concerns about the world’s second-largest economy. In the US, the United Auto Workers union Read More