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Nasdaq sinks more than 2% as stocks end lower after Fed minutes

36892 nasdaq sinks more than 2 as stocks end lower after fed minutes

Stocks ended lower but off their worst levels, with the tech-heavy Nasdaq Composite bearing the brunt of selling pressure for a second session Wednesday after minutes of the Federal Reserve’s March policy meeting outlined plans for shrinking the central bank’s nearly $9 trillion balance sheet. The Dow Jones Industrial Average ended with a loss of around 145 points, or 0.4%, near 34,497, according to preliminary figures, while the S&P 500 SPX, -0.97% sank around 44 points, or 1%. to finish near 4,481. The Nasdaq Composite COMP, -2.22% shed around 315 points, or 2.2%, closing near 13,889.

Source: Marketwatch

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