Stocks slide as Federal Reserve confirms its foot is on the stimulus brakes
CNN
Wall Street ended Wednesday's session sharply lower, as investors dealt with Omicron headlines as well as the Federal Reserve's December meeting minutes that confirmed the central bank has its foot on the stimulus brakes.
The Dow (INDU), which hit a record high Tuesday, closed down 1.1%, or 393 points.
The S&P 500 (SPX), the broadest index tracking US equities, finished 1.9% lower, marking its worst day since late November. The tech-heavy Nasdaq Composite (COMP) dropped a whopping 3.3%. It was its worst performance since February 2021.
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