Wall St turns sharply lower after hitting record highs ahead of Fed talk

Bets on more fiscal aid and swift vaccine distribution have powered the main U.S. stock indexes to a series of all-time peaks recently

(Reuters) - Wall Street's main indexes turned negative in volatile trading on Wednesday after the S&P 500 and the Dow hit record highs at the open on hopes of faster economic growth.

At 10:23 a.m. ET, the Dow Jones Industrial Average fell 19.22 points, or 0.06%, to 31,356.61, the S&P 500 lost 8.58 points, or 0.22%, to 3,902.65 and the Nasdaq Composite lost 73.65 points, or 0.53%, to 13,934.05.

 

(Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)