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Dow snaps 5-day win streak following release of July Fed minutes

·1 min read
Dow snaps 5-day win streak following release of July Fed minutes

U.S. stocks closed lower on Wednesday as the Dow Jones Industrial Average snapped a five-day wining streak following the release of minutes from the Federal Reserve's July meeting. The Dow finished off 171.69 points, or 0.5%, to 33,980.32. The S&P 500 retreated 31.16 points, or 0.7%, to 4,274.04. The Nasdaq Composite shed 164.43 points, or 1.3%, to 12,938.12. The Fed minutes showed that senior Fed officials were worried that elevated inflation could become entrenched if the central bank was perc