Stock Market Today – 8/17: Stocks End Lower on Dovish Fed Minutes, Treasury Yield Setback

Updated at 4:15 pm EST

Stocks ended lower on Wednesday, while Treasury yields fell and the dollar fell against global peers, following the release of the Federal Reserve’s July monetary policy meeting minutes, which suggested that it is likely to use incoming data, rather than a preferred policy path, to determine the size of future rate hikes.

On Wall Street, the S&P 500 ended down 0.72%, while the Dow Jones Industrial Average fell 172 points, or 0.50%, to 33,980. The tech-focused Nasdaq lost 1.25%.

Meanwhile, benchmark 10-year Treasury yields were little changed at 2.891%, while 2-year notes were pegged at 3.276%. The US dollar index, which tracks the greenback against a basket of six global currency pairs, rose 0.14% to 106.64.

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