IT Sector Leads Market Drop on Rate Worries

IT stocks led the market downturn on Friday as investors reacted to
rising expectations that the US Federal Reserve will keep interest rates
unchanged in its next meeting, scheduled for December 9 and 10.

Because of this, the IT sector saw the biggest fall among all sectors in
the market today. This is also the second day in a row that IT shares have
dropped.

Market experts say that IT companies are very sensitive to changes in US
economic policies because a large part of their business comes from
American clients. When investors believe the US Fed may not cut interest
rates soon, they tend to sell IT stocks, which puts pressure on the entire
sector.

Overall, the market remained cautious, with traders waiting for clear
signals from the upcoming Federal Reserve meeting before making big
investment decisions.