Wall Street falls as Fed minutes reverse earlier rally

Wall Street

Wall Street ended lower on Wednesday after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report.

The Dow posted its largest intra-day downside reversal in 14 months in Wednesday’s session after shedding a gain of more than 198 points to end near the session low, which was a drop of nearly 50 points.

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Posted in: Indian Market Tips