local
Sharp drops in Big Tech companies pull indexes mostly lower on Wall Street
By DAMIAN J. TROISE and ALEX VEIGA, Associated Press at KXAN (NBC Austin) - All Stories
· June 23, 2026
· 1 min read
Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year. The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, [...]
Key takeaway The benchmark index is coming off 11 weekly gains out of the last 12, [...
Why this matters in Barton Creek News
The downturn in Big Tech companies and its impact on the Nasdaq has significant implications for the Barton Creek community, given the substantial presence of tech industry professionals and companies in the Austin area. Many residents of Barton Creek have careers tied to the tech sector, and fluctuations in the market can affect local employment and economic stability. The potential for higher interest rates by the end of the year, which is driving the current sell-off, could also influence the local real estate market and consumer spending habits in the community. As the tech industry continues to be a major driver of the local economy, the performance of Big Tech companies will be closely watched by residents and business owners in Barton Creek, who will be looking for signs of how these national trends will play out in their own backyard.
About this story
Original reporting by KXAN (NBC Austin) - All Stories . Barton Creek News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXAN (NBC Austin) - All Stories . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KXAN (NBC Austin) - All Stories ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Wall Street gave up more of its recent gains Tuesday after a sell-off in big technology stocks spread from Asia back to the U.S. over worries about potentially higher interest rates by the end of the year. The S&P fell 1.4%. The benchmark index is coming off 11 weekly gains out of the last 12, [...]
When was this published? This article was first published on June 23, 2026 by KXAN (NBC Austin) - All Stories and curated for Barton Creek News readers.
Who reported this story? This story was reported by DAMIAN J. TROISE and ALEX VEIGA, Associated Press at KXAN (NBC Austin) - All Stories. To learn more about how Barton Creek News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Barton Creek News, or browse our daily briefing and topic hubs .
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