[Breaking] New York Stock Market Falls on 'Inflation Concerns' FOMC Minutes... Nasdaq Down 1.15%
Major indices on the US New York Stock Exchange closed lower on the 16th (local time) as they digested the July Federal Open Market Committee (FOMC) minutes, which left the door open for additional interest rate hikes amid inflation concerns.
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On that day, the Dow Jones Industrial Average closed down 0.52% from the previous session. The S&P 500, which focuses on large-cap stocks, fell 0.76%, while the tech-heavy Nasdaq index dropped 1.15%.
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