NEW YORK - Volatility resurfaced on Wall Street on Nov 20 with tech stocks hammered alongside cryptocurrencies amid an unwinding in speculative areas of the market just as worries grow about the Federal Reserve’s ability to cut interest rates.

Amid the de-risking, the S&P 500 fell 1.6 per cent while the Nasdaq 100 lost 2.4 per cent. Nvidia erased an over 5 per cent advance to sink 3 per cent. Wall Street’s closely watched gauge of stock volatility – the VIX – topped 26. Bitcoin sank below US$87,000 for the first time since April.