Stock market news today: S&P 500, Dow fall after Fed minutes … – Yahoo Finance
U.S. stocks closed mixed after choppy trading Wednesday as investors pored over minutes from the Federal Reserve’s last meeting earlier this month for clues on its next move.
The latest readout from the U.S. central bank’s Jan. 31- Feb. 1 gathering indicated officials were intent on proceeding with “ongoing increases” but open to reaching an endpoint later this year.
The S&P 500 (^GSPC) declined 0.2%, while the Dow Jones Industrial Average (^DJI) slipped about 80 points, or 0.3%. The technology-heavy Nasdaq Composite (^IXIC) was an outlier, edging up 0.1%.
“Participants concurred that the Federal Open Market Committee had made significant progress over the past year in moving toward a sufficiently restrictive stance of monetary policy,” the minutes said.
“Even so, participants agreed that, while there were signs that the cumulative effect of the Committee’s tightening of the stance of monetary policy had begun to moderate inflationary pressures, inflation remained well above the…
The post Stock market news today: S&P 500, Dow fall after Fed minutes … – Yahoo Finance first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/02/22/stock-market-news-today-sp-500-dow-fall-after-fed-minutes-yahoo-finance_2023022241040.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.