U.S. stocks traded little Wednesday arsenic investors digested minutes from the Federal Reserve’s caller argumentation gathering for clues astir plans to wean markets disconnected pandemic-era stimulus measures.
The S&P 500 dropped 1.2% a time aft the wide scale pulled backmost from a grounds precocious arsenic technology shares fell. The tech-heavy Nasdaq Composite Index fell 2.5%, portion the blue-chip Dow Jones Industrial Average—which acceptable its ain grounds Tuesday—lost 0.6%.