S&P 500 notches fourth day of losses as investors weigh Fed minutes, need for higher rates to cool inflation

U.S. stocks finished mostly lower on Wednesday, with the S&P 500 logging its fourth consecutive loss as investors digested the minutes from the Federal Reserve’s most recent policy meeting, which showed a majority of central bank officials agreed on a 25-basis-point rate hike and underlined expectations for rates to continue to rise.

General Electric Co. stock outperforms competitors despite losses on the day

Shares of General Electric Co. GE, -0.94% slid 0.94% to $82.26 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -2.00% falling 2.00% to 3,997.34 and Dow Jones Industrial Average DJIA, -2.06% falling 2.06% to 33,129.59. This was the stock’s third consecutive day of losses. General Electric Co. closed $2.53 short of its 52-week high ($84.79), which the company reached on February 15th.

error: Content is protected !!