Energy stocks also fell as high global inventories pressured oil prices. That spurred selling of real estate developers' shares. The S&P 500 lost 15.26 points, or 0.63 percent, to 2,422.66.
The tech index was pulled down by heavyweights, including Apple Inc and Alphabet Inc after bearish research comments. "What we've seen, though, are some downgrades that are based on the fact that some ran up too quickly. and it has engendered a lot of fire sales in the tech industry", said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
ASIA'S DAY: Japan's Nikkei 225 stock index fell 0.3 percent to 19,831.82 and South Korea's Kospi sank 0.5 percent to 2,361.65. The FTSE 100 of Britain dropped 1.1 percent to 7,393.
Florentino Perez re-elected as Real Madrid president until 2021
Italian publication Gazzetta dello Sport reported at the weekend that Bayern were interested in signing Ronaldo, 32, from Madrid. Cristiano Ronaldo's future at the Bernabeu remains uncertain after he told the club he wants to leave.
Gold futures slumped Thursday, building on a retreat that started Wednesday afternoon as the Federal Reserve raised interest rates and sounded determined to hike again this year.
"Monetary policy got hawkish", said John Augustine, chief investment officer at Huntington National Bank in Columbus, Ohio. The central bank had pushed rates to near Zero in response to the financial crisis.
United States core inflation, which strips out volatile food and fuel prices, slowed for the fourth straight month, to 1.7% in May, Bloomberg reported on Wednesday.
U.S. DATA: The Commerce Department said retail spending decreased in May, surprising experts and prompting investors to buy traditionally safe assets like government bonds and high-dividend companies and sell stocks from other industries that depend more on economic growth. It's the third increase in rates by the Fed since December of 2016.
Sixers get No. 1 pick from Celtics
With Thomas, the Celtics didn't necessarily need a point guard - which is the piece Philadelphia apparently wanted most. The Sixers used the No. 1 pick past year on Ben Simmons , who missed the entire season because of a foot injury.
US stock futures signalled a rocky start on Wall Street after Wednesday's rate hike and another tumble in tech stocks.
The Hang Seng in Hong Kong dropped 1.2 percent to 25,565.34, but Shanghai's Composite index rose 0.1 percent lower to 3,132.49.
The balance sheet unwind, regarded as a more aggressive policy than rate increases, typically leads to a rise in long-term interest rates and stronger expectations of a rising United States dollar. By the end of 2018, with inflation projected to be very close to the 2% target, and with the economy predicted to be at or above full employment, the Fed foresees a fed funds rate of about 2.0%, consistent with PIMCO's New Neutral thesis. Benchmark U.S. crude fell another 22 cents to $44.51 a barrel in electronic trading on the New York Mercantile Exchange.
Europe's benchmark bond yield held near seven-week lows ahead of the Fed decision. United States crude fell 3.7 per cent to settle at $44.73 per barrel and Brent settled at $47.00, down 3.5 per cent. Spot gold fell 0.2 per cent to $1,263.03 an ounce.
Seconds podcast: Jeronimo Yanez takes the stand
Anthony Police Chief Jon Mangseth testified that the shooting might have been justified, even if the officer couldn't see the gun. He testified that he examined autopsy reports to conclude that Castile had smoked marijuana within about two hours of his death.