Dow falls around 200 points as U.S. stocks close lower after Fed speakers

U.S. stocks ended lower Wednesday, with losses led by the technology-laden Nasdaq Composite, after investors digested remarks from several Federal Reserve officials. The Dow Jones Industrial Average DJIA, -0.61% finished around 200 points lower, or 0.6%, while the S&P 500 SPX, -1.11% shed 1.1% and the Nasdaq COMP, -1.68% sank 1.7%, according to preliminary data from FactSet.

Fed Gov. Christopher Waller said in a speech Wednesday at an agribusiness conference at Arkansas State University that he's"prepared for a longer fight to get inflation down" and interest rates need to remain high for"some time." New York Fed president John Williams said Wednesday in an interview with The Wall Street Journal that the Fed has more work to do to lower inflation to 2%.

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Source: WSJ - 🏆 98. / 63 Read more »