Stocks Tumble as Fed Minutes Confirm Rate Hikes Are Coming

4 months ago 119
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Updated Jan. 5, 2022 4:42 p.m. ET / Original Jan. 5, 2022 5:17 americium ET

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Stocks fell Wednesday aft the minutes from the past FOMC gathering confirmed that the Federal Reserve volition statesman raising involvement rates arsenic its ain concerns astir ostentation grow.

The Dow Jones Industrial Average declined 393 points, oregon 1.1%, aft being successful the greenish earlier the Fed released the minutes from its December meeting. The S&P 500 fell 1.9% aft being level astir of the day, and the tech-heavy Nasdaq Composite dropped 3.3%, its largest driblet since March 202. The Nasdaq besides fell Tuesday and is present down 6% since its...


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