S&P 500 and Nasdaq continue to sell off after Fed’s December minutes

United States

U.S. stocks remained lower on Wednesday after minutes from the Federal Reserve’s December meeting showed that policymakers had a high level of uncertainty around their interest-rate projections and did not rule out further rate hikes.

How stock indexes are trading

  • The S&P 500 SPX dipped 28 points, or 0.6%, to 4,715.
  • The Dow Jones Industrial Average DJIA fell 192 points, or 0.5%, to 37,522.
  • The Nasdaq Composite COMP eased 140 points, or 1%, to 14,626.

On Tuesday, the Dow rose less than 0.1% to a record close of 37,715.04, while the S&P 500 declined 0.6% to 4,742.83 and the Nasdaq Composite slumped 1.6% to end at 14,765.94.