Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

Wall Street slips after minutes show Fed united on rate hikes

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.

October 18, 2018 / 08:14 AM IST

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.

Reuters
first published: Oct 18, 2018 08:10 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347