Wall Street down after Fed minutes

People in front of the New York Stock Exchange (Reuters) – The New York Stock Exchange ended lower on Wednesday at the end of a seesaw session after the publication of the minutes of the last monetary policy committee of the Fed. The Dow Jones Industrial Average fell -0.1%, or 28.34 points, to 29,210.85 points. The broader S&P-500 lost 0.3%, 11.81 points, to 3,577.03 The Nasdaq Composite fell 9.09 points (-0.09%) to 10,417.10 points. On the oil market, WTI stood at $87.02 (-2.60%) and Brent at $92.34 (-2.06%). The FOMC “minutes” showed that, as expected, Fed officials were much more concerned about the risks associated with inflation than about the repercussions of the tightening of monetary policy on employment. “Everyone now understands that the Fed is going to continue. The question for the market is when will the transition from [les hausses de] 75 to 50 basis points and 25,” said Quincy Krosby of LPL Financial in Charlotte. The dollar was up 0.07% against a basket of currencies a few minutes after the close of Wall Street, while the euro stood at 0.9699 dollars (-0.04%).On the bond market, ten-year paper [US10YT=RR] fell -4.1 basis points to settle at 3.8982%. His five-year-old counterpart [US10YT=RR], fell -5.5 basis points to 4.1124%. (Nicolas Delame)