Stocks extend losses following Fed minutes; yields rise

Stock indexes globally added to declines in choppy trading on Wednesday following the release of minutes from the latest U.S. Federal Reserve meeting, while the 10-year U.S. Treasury yield rose to a session high and the U.S. dollar index gained.

The minutes showed participants agreed the U.S. economy remained far from the Fed's goals. At the same time, a number of Fed policymakers thought that if the economy continued to show rapid progress, then it would be appropriate"at some point" for upcoming meetings to begin discussing tapering of monetary policy measures.

The Dow Jones Industrial Average fell 377.25 points, or 1.11per cent, to 33,683.41, the S&P 500 lost 37.76 points, or 0.91per cent, to 4,090.07 and the Nasdaq Composite dropped 83.85 points, or 0.63per cent, to 13,219.78.

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