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Dow Jones falls 490 points on inflation jitters ahead of Fed minutes

Crypto-related stocks take a hit as digital coins tumble; US 10-year Treasury yield firms ahead of Fed minutes

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Reuters
Wall Street's main indexes fell for the third straight session on Wednesday, as investors dumped riskier assets on fears that rising inflation could force the U.S.
 
Federal Reserve to pare back its support soon.
 
Investors will also focus on minutes from the Fed's April policy meeting, where it stood pat on interest rates. The statement is due to be issued at 2 p.m. ET (1800 GMT).
 
Strong inflation readings and signs of a worker shortage in recent weeks have fueled fears of inflation and roiled stock markets despite reassurances from Fed officials that the rise in prices would be temporary.

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