Stocks fall a 2nd straight day, Nasdaq drops 1% as Fed cites lingering inflation woes

(CNBC) -- Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates. The Dow Jones Industrial Average dropped 180.65 points, or 0.52%, to end at 34,765.74. The S&P 500 dipped 0.76%, closing at 4,404.33. Meanwhile, the Nasdaq Composite declined 1.15%, ending the day at 13,474.63.…

The post Stocks fall a 2nd straight day, Nasdaq drops 1% as Fed cites lingering inflation woes appeared first on WND.

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(CNBC) -- Stocks fell Wednesday as investors digested a summary of the Federal Reserve’s July meeting, which hinted at potentially higher rates.

The Dow Jones Industrial Average dropped 180.65 points, or 0.52%, to end at 34,765.74. The S&P 500 dipped 0.76%, closing at 4,404.33. Meanwhile, the Nasdaq Composite declined 1.15%, ending the day at 13,474.63. It was the second consecutive losing session for the three major averages.

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In the central bank’s July meeting minutes, officials said additional tightening may be necessary to bring down inflation.

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The post Stocks fall a 2nd straight day, Nasdaq drops 1% as Fed cites lingering inflation woes appeared first on WND.