Wednesday, January 05, 2022

DJIA: 36,407.11, down 392.54
S&P 500: 4,700.58, down 92.96
Nasdaq: 15,100.18, down 522.54

Stocks slide, yields spike after Fed minutes U.S. equities finished firmly lower on Wednesday as investors assessed the minutes from the December Federal Reserve (Fed) meeting. The release had perceived hawkish takeaways, with policymakers starting to discuss policy normalization and weighing a rate hike “sooner or at a faster pace” than originally anticipated. The Dow reversed an earlier gain to slump 392 points from Tuesday’s record closing high, while the S&P 500 retreated 1.9%. The tech-heavy Nasdaq Composite experienced its worst day since February, tumbling 3.3% as a continued backup in Treasury yields dented demand for growth-related shares.

Read more about it here.