Shares of technology companies fell sharply after comments from Richmond Federal Reserve President Thomas Barkin.

HubSpot shares rose after reports the business software firm is in talks to be acquired by Alphabet, Google's parent, for roughly $35 billion.

Shares of Meta Platforms hit a record intraday high as traders chased artificial-intelligence momentum, but finished lower amid fears about Fed policy.

Tesla is raising compensation for its AI engineers in a bid to ward off poaching from the likes of OpenAI, Chief Executive Elon Musk said.

Write to Rob Curran at

(END) Dow Jones Newswires

04-04-24 1821ET