UK stocks set for sharp weekly losses as tech, Fed concerns hit markets

Core Viewpoint - London's main stock indexes experienced a significant decline on Friday, driven by concerns over technology valuations and the Federal Reserve's hawkish stance, leading to anticipated weekly losses [1] Group 1: Market Performance - The decline in London's stock indexes indicates a broader market reaction to rising concerns regarding tech valuations [1] - The Federal Reserve's hawkish stance has contributed to the volatility in global markets, impacting investor sentiment [1] Group 2: Sector-Specific Insights - Defence shares saw a decrease amid indications of potential progress toward peace in Ukraine, suggesting a shift in investor focus [1]