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Investor Sentiment Falls Further After Fed Minutes, Dow Tumbles 200 Points
The CNN Money Fear and Greed index showed another decline in the overall market sentiment, but the index remained in the “Greed” zone on Wednesday.
U.S. stocks settled lower on Wednesday following the release of Fed minutes, with the Dow Jones index falling over 200 points during the session.
The minutes from the latest Federal Open Market Committee meeting released Wednesday reveal increased uncertainty about the swift decline of inflation toward the 2% target, with the majority of board members indicating the need to keep restrictive interest rates for an extended period.
The TJX Companies, Inc. (NYSE:TJX) reported better-than-expected first-quarter financial results on Wednesday. Williams-Sonoma, Inc (NYSE: