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Aug. 17, 2022, 4:08 p.m. EDT

Dow snaps 5-day win streak following release of July Fed minutes

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By Joseph Adinolfi

U.S. stocks closed lower on Wednesday as the Dow Jones Industrial Average snapped a five-day wining streak following the release of minutes from the Federal Reserve's July meeting. The Dow /zigman2/quotes/210598065/realtime DJIA +1.88% finished off 171.69 points, or 0.5%, to 33,980.32. The S&P 500 /zigman2/quotes/210599714/realtime SPX +1.97% retreated 31.16 points, or 0.7%, to 4,274.04. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +2.05% shed 164.43 points, or 1.3%, to 12,938.12. The Fed minutes showed that senior Fed officials were worried that elevated inflation could become entrenched if the central bank was perceived as not doing enough. On the other hand, many expressed concerns that the Fed could tighten rates by a greater degree than would be necessary.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,683.74
+548.75 +1.88%
Volume: 320.97M
Sept. 28, 2022 5:07p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,719.04
+71.75 +1.97%
Volume: 2.22B
Sept. 28, 2022 5:07p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,051.64
+222.13 +2.05%
Volume: 4.60B
Sept. 28, 2022 5:16p
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