Wall Street falls as Fed minutes reverse earlier rally

Wall Street falls as Fed minutes reverse earlier rally

Thursday, April 06, 2017
Wall Street
Wall Street

Wall Street ended lower on Wednesday after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report.

The Dow posted its largest intra-day downside reversal in 14 months in Wednesday’s session after shedding a gain of more than 198 points to end near the session low, which was a drop of nearly 50 points.

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