7/5/2023, 10:00 PM (Source: TeleTrader)
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US closes mostly lower in Fed minutes aftermath

Major stock market indexes in the United States closed mostly lower on Wednesday as investors were digesting the information given in the minutes of the Federal Reserve's latest meeting. In the report, the central bank noted that a decline in the country's inflation is slower than expected and that additional hikes in interest rates will be appropriate.

The Dow Jones Industrial Average traded 0.38% lower at the close as Intel Corp decreased by 3.30%. The S&P 500 lost 0.20%, with BorgWarner Inc. plunging by 13.50%. Meanwhile, the Nasdaq 100 stood flat.

The euro went down by 0.22% against the dollar at 3:58 pm ET to sell for $1.08556.

Baha Breaking News (BBN) / JR