US stocks trades lower after Fed minutes
6 years, 1 month ago

US stocks trades lower after Fed minutes

Live Mint  

US stocks turned lower in volatile trade on Wednesday after the release of the Federal Reserve's minutes from its January meeting, when the US central bank said it would be "patient" with respect to further interest rate hikes. I think that might be behind the market reaction," sad Kathy Jones, chief fixed income strategist at Schwab Centre for Financial Research in New York. A dovish Fed and progress in trade negotiations have helped the S&P 500 rise about 18 % from its lows in December, when the market swooned on fears of an economic slowdown. The Dow Jones Industrial Average fell 24.69 points, or 0.1%, to 25,866.63, the S&P 500 lost 3.81 points, or 0.14%, to 2,775.95 and the Nasdaq Composite dropped 27.13 points, or 0.36 percent, to 7,459.63.

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