Regional indices tracked losses on
Losses were recorded throughout the
Chinese tech stocks tumbled on fears of tighter regulation. E-commerce giant
Minutes of the Fed's
This is “provided that the economy were to evolve broadly as they anticipated," according to the minutes.
“The minutes only emphasized the central bankers’ uncertainty about the path of the economy and monetary policy heading into 2022,”
“Taken together, the initial read through of the minutes paints a mixed picture: while most Fed policymakers are expecting to start tapering this year, there were still several who would prefer to wait for next year,” he said.
The focus has shifted to next week’s Jackson Hole Symposium. Traders will scrutinize Fed Chair
Stocks fell broadly on
Technology, health care, financial and industrial companies were the biggest losers. Only the index's consumer discretionary sector rose as investors bid up shares in
The Dow Jones Industrial Average fell 1.1% to 34,960.69. The Nasdaq composite lost 0.9% to 14,525.91. Small company stocks also fell, sending the Russell 2000 index down 0.8% to 2,158.78.
In energy markets, benchmark
A surprise rise in US gasoline inventories has more than offset a drop in its crude stockpile,
“This underpins concerns that delta risks may be getting in the way of travel,” she added.
Meanwhile, the dollar advanced to