U.S. stocks traded lower Wednesday as investors digested minutes from the Federal Reserve’s recent policy meeting for clues about plans to wean markets off pandemic-era stimulus measures.
The S&P 500 dropped 1.2% a day after the broad index pulled back from a record high as technology shares fell. The tech-heavy Nasdaq Composite Index fell 2.5%, while the blue-chip Dow Jones Industrial Average—which set its own record Tuesday—lost 0.6%.
