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Stockreport

Dow ends volatile session down over 150 points after Fed minutes [MarketWatch]

CITIGROUP (C)  More Company Research Source: MarketWatch
Last citigroup earnings: 7/13 07:59 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
PDF Stocks end volatile session lower as rally collapses in wake of Fed minutes U.S. stocks ended a volatile session on a downbeat note on Wednesday, as an afternoon rally quickly fizzled in the wake of the Federal Reserve releasing the minutes to its most recent meeting. The Dow Jones Industrial Average DJIA, -0.67% fell 168 points, or 0.7%, to 24,797. The S&P 500 SPX, -0.55% lost 15 points to 2,701, a drop of 0.6%. The Nasdaq Composite Index COMP, -0.22% sank 16 points, or 0.2%, to 7,218. All three had been solidly higher in afternoon trading, but they sharply retreated as investors struggled to digest the minutes, which pointed to a strong economy, but also the "increased likelihood" of more rate hikes ahead. The news pushed the U.S. dollar higher and sent the yields for the 10-year Treasury note to a four-year high of 2.95%. Recent trading on Wall Street has been driven by the prospect of inflation returning to the economy, and the Fed having to become more aggressive in rais [Read more]

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