Wall Street ends down sharply after Fed minutes

Image
Reuters Delhi, India
Last Updated : Feb 21 2013 | 3:00 AM IST

NEW YORK (Reuters) - The S&P 500 posted its worst daily percentage decline since mid-November on Wednesday after minutes from the U.S. Federal Reserve suggested the central bank may slow or stop buying assets sooner than expected.

Based on the latest available data, the Dow Jones industrial average was down 108.13 points, or 0.77 percent, to end unofficially at 13,927.54. The Standard & Poor's 500 Index was down 18.99 points, or 1.24 percent, at 1,511.95. The Nasdaq Composite Index was down 49.19 points, or 1.53 percent, at 3,164.41.

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 21 2013 | 2:40 AM IST

Next Story