Investors are looking ahead to the Federal Reserve's latest meeting minutes, which should offer more clarity on the central bank's hiking path.
dropped 2.06% and turned negative for the year. All major S&P sectors finished with losses, led to the downside by consumer discretionary.
Rising bond yields also kept the market on edge, with the rate on the 10-year Treasury note hitting its"I think there's a repricing of the equity market based on the view that the Fed will likely have to be higher for longer, and because of the rising interest rates," said Truist's co-chief investment officer Keith Lerner.
Attention now shifts toward the Fed minutes due out Wednesday. Investors will scour the results for insight into the central bank's future rate hiking path and its recent 25 basis point increase.Toll Brothers, Coinbase among stocks moving after hours
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