: U.S. stocks tick lower, Treasury yields hit session highs after Fed minutes
U.S. stocks ticked lower on Wednesday while the yield on the 10-year Treasury note climbed to a session high after the Federal Reserve’s Federal Open Market Committee released minutes from its July policy meeting. The S&P 500 SPX was off by 13.5 points, or 0.3%, at 4,424 in recent trade. The Nasdaq Composite COMP declined by 87 points, or 0.6%, at 13,542. The Dow Jones Industrial Average DJIA was off by 59 points, or 0.2%, at 34,887. The 10-year yield has gained 3.5 basis points to 4.254%. Bond yields move inversely to prices. The minutes showed most senior Fed officials on the committee see risks of more inflation that could lead to more rate hikes.
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