Stocks fall a 2nd straight day, Nasdaq drops 1% as Fed cites lingering inflation woes
(Image by Oleg Gamulinskiy from Pixabay)
(CNBC) -- Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.
The Dow Jones Industrial Average dropped 180.65 points, or 0.52%, to end at 34,765.74. The S&P 500 dipped 0.76%, closing at 4,404.33. Meanwhile, the Nasdaq Composite declined 1.15%, ending the day at 13,474.63. It was the second consecutive losing session for the three major averages.
WND is now on Trump's Truth Social! Follow us @WNDNews
In the central bank’s July meeting minutes, officials said additional tightening may be necessary to bring down inflation.
The post Stocks fall a 2nd straight day, Nasdaq drops 1% as Fed cites lingering inflation woes appeared first on WND.