With traders reacting negatively to the minutes of the latest Federal Reserve meeting, stocks moved notably lower during trading on Wednesday. The tech-heavy Nasdaq showed a particularly steep drop, extending the sharp pullback seen in the previous session.
After reaching a new record intraday high, the Dow turned lower following the release of the Fed minutes, slumping 392.54 points or 1.1 percent to 36,407.11. The Nasdaq plunged 522.54 points or 3.3 percent to 15,100.17 and the S&P 500 tumbled 92.96 points or 1.9 percent to 4,700.58.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com