Stocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday after minutes of the Federal Reserve's March policy meeting outlined plans for shrinking the central bank's nearly $9 trillion balance sheet.
The Dow Jones Industrial Average ended with a loss of around 145 points, or 0.4%, near 34,497, according to preliminary figures, while the S&P 500 SPX, -0.97% sank around 44 points, or 1%. to finish near 4,481. The Nasdaq Composite COMP, -2.22% shed around 315 points, or 2.2%, closing near 13,889.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Today: Stocks Lower on Hawkish Fed Member BrainerdFOMC Member Brainerd Says Fed to Speed Balance Sheet Shrinking; RBA Signals June Rate Hike; Stocks, Bonds Mostly Lower
Source: Daily_Forex - 🏆 567. / 51 Read more »
Tech stocks lead indexes lower on Wall Street; eyes on FedStocks fell in morning trading on Wall Street Wednesday and bond yields rose as investors try to estimate how quickly the Federal Reserve will raise interest rates and take other steps to fight inflation
Source: ABC - 🏆 471. / 51 Read more »
S&P 500 tumbles under 4,500 as hawkish Fed triggered yield rally pressures large cap tech stocksMajor US equity indices slumped on Wednesday in the hours prior to the release of the minutes of the Fed’s March meeting, with large-cap tech stocks l
Source: FXStreetNews - 🏆 14. / 72 Read more »
European stocks cautious amid hawkish Fed comments, new Russia sanctionsEuropean markets inched lower on Wednesday against a backdrop of hawkish comments from U.S. Federal Reserve officials and further sanctions against Russia. Ie stock Market fucked in Britain and Europe!
Source: CNBC - 🏆 12. / 72 Read more »