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U.S. stocks surrender early gains to close lower after Fed minutes hint at more aggressive hikes

us stocks surrender early gains to close lower after fed minutes hint at more aggressive hikes

U.S. stocks finished lower on Wednesday after the release of minutes from the Federal Reserve’s September policy meeting, wherein policy makers noted that inflation remained “unacceptably high.” The S&P 500 SPX, -0.33% closed 11.81 points, or 0.3%, lower at 3,577.03. The Dow Jones Industrial Average DJIA, -0.10% finished off 28.34 points, or 0.1%, at 29,210.85. The Nasdaq Composite COMP, -0.09% closed 9.09 points, or 0.1%, lower at 10,417.10. All three major indexes finished lower for a sixth straight day.

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