(Image by Oleg Gamulinskiy from Pixabay)
(CNBC) -- Stocks ended lower on Wednesday as traders parsed through a summary of the Federal Reserve’s most recent meeting, looking for clues on the central bank’s next move against inflation.
The Dow Jones Industrial Average dropped 84.50 points, or 0.26%, ending at 33,045.09. The S&P 500 fell 0.16% and closed at 3,991.05. Meanwhile, the Nasdaq Composite rose 0.13% to close at 11,507.07.
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The Fed’s meeting minutes showed inflation remained “well above” the central bank’s 2% target, adding that the labor market is still “very tight, contributing to continuing upward pressures on wages and prices.”
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