Stocks falls on megacap drag, yen stumbles after BOJ announcement

By Chuck Mikolajczak NEW YORK (Reuters) -Global shares dropped on Thursday and were set for their biggest daily decline in three weeks, weighed down by megacaps Microsoft and Meta, while the dollar rose against the yen on policy updates from the Federal Reserve and Bank of Japan. Markets were digesting comments from Fed Chair Jerome Powell, who dampened expectations that the U.S. central bank will cut interest rates at its December meeting after easing by 25 basis points on Wednesday. Market reaction wa ...