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fear and confusion across wall street on thursday as investors don't know what to think about the economy and the timing for the federal reserve's first interest rate hike in almost a decade i'm congregations outside of the nasdaq market site with the tech heavy index bore the brunt of the selling at its lowest point of the day it was down a hundred points and the selling was not limited to technology all of the major sectors without leaving the dow jones industrial average falling by almost two hundred points , just one day after the fed said economic growth was slowing enough for the market to think a june rate hike was off the table new data showing a , midwest business activity a big drop in jobless claims to a fifteen year low a rise in consumer spending in march and a jump in wages in the first three months of the year seemingly putting a june rate hike back in play apple the world's biggest company also hurting sentiment as investors respond to report the new apple watch is in limited supply due to a glitch reported by the wall street journal , and of the month in which the nasdaq and the s. and p. five hundred reached all time highs also giving nervous investors a reason to sell to the get a clearer picture of the