Wall Street slips after minutes show Fed united on rate hikes

Wall Street slips after minutes show Fed united on rate hikes

NEW YORK (Reuters) - Wall Street's major indexes slipped on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before.

The Dow Jones Industrial Average fell 92.48 points, or 0.36 percent, to 25,705.94, the S&P 500 lost 0.74 points, or 0.03 percent, to 2,809.18 and the Nasdaq Composite dropped 2.79 points, or 0.04 percent, to 7,642.70.

(Reporting by Sinead Carew)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Oct 18, 2018 02:06 AM

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