Wall Street records the first loss of 2022 as markets react to Fed’s minutes
Wall Street's main indices recorded their first losses in 2022
By Yashasvini Razdan
Published - Jan 05, 2022, 11:05 PM ET
Last Updated - Feb 13, 2024, 02:09 PM EST
• The Dow Jones Industrial Average fell by 202 points
• Wall Street's main indices recorded their first losses in 2022
The Dow Jones Industrial Average recorded its first loss of 2022 on Wednesday as stocks fell after the Federal Reserve released the minutes of its last policy gathering in 2021 which mentioned reduction of the central bank’s balance sheet and raising rates.
The Dow Jones Industrial Average fell by 202 points, or 0.6%, to 36,592, after turning negative in afternoon trade. The tech-heavy, Nasdaq Composite Index shed 370 points, or 2.4%, to 15,249. The S&P 500 fell by 57 points, or 1.1%, to 4,739.
