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Here's what happened to the stock market on Wednesday

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The S&P 500 hit an intraday record before a grim outlook on the economy knocked the broader market index off that level.

In the minutes from its July meeting, the Fed said "the ongoing public health crisis would weigh heavily on economic activity, employment, and inflation in the near term and was posing

." That remark put a lid on the market's enthusiasm over Apple reaching a market cap of $2 trillion for the first time.. In 2020 alone, Apple has surged nearly 60% and was one of the stocks leading the market off its coronavirus lows. Amazon and Netflix, however, fell more than 1% each.for exclusive insights and analysis, and live business day programming from around the world.

 

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