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Stock Market Today- 8/17: Stocks End Lower on Dovish Fed Minutes, Treasury Yield Pullback

·4 min read
Stock Market Today- 8/17: Stocks End Lower on Dovish Fed Minutes, Treasury Yield Pullback

Stocks finished lower Wednesday, while Treasury bond yields dipped and the dollar eased against its global peers, following the release of minutes from the Federal Reserve's July policy meeting, which suggested it's likely to use incoming data, as opposed to a preferred policy path, to determine the size of future rate hikes. On Wall Street, the S&P 500 finished down 0.72%, while the Dow Jones Industrial Average fell 172 points, or 0.50%, to 33,980.