Stocks fell back to or near session lows after briefly trimming losses following the release of minutes from the Federal Reserve's March policy meeting Wednesday afternoon. The summary said officials generally settled on shrinking the balance sheet by $95 billion a month after a 3-month phase-in.
Officials stressed they made no final decision on winding down the $9 trillion portfolio but said the plan could start in May. The Dow Jones Industrial Average DJIA, -0.90% was down 291 points, or 0.8%, at 34,351, while the S&P 500 SPX, -1.51% was down 1.4% at 4,463 and the tech-heavy Nasdaq Composite sank 2.5% to 13,853.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
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!
Läs mer »
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
Läs mer »
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
Läs mer »
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
Läs mer »