The Dow Jones Industrial Average tumbled 162.61 points, or 0.93 percent, to 17,348.73. The S&P 500 dropped 17.31 points, or 0.83 percent Wholesale Patriots Hoodies , to 2,079.61. The Nasdaq Composite Index lost 40.30 points, or 0.80 percent, to 5,019.05.
As there is no Fed policy meeting in August, Wall Street kept a close eye on the Fed minutes.
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signals on the timing of the first interest rate hike in nearly nine years.
The minutes left mixed signals on whether or not the Fed officials decide to raise the interest rate at the next monetary policy meeting in September. Many
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appropriate to raise the benchmark interest rate this year.
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Dampening investor sentiment, oil prices plunged Wednesday as a government report showed that U.S. crude stockpiles last week increased unexpectedly.
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On the economic front, the Consumer Price Index (CPI) for All Urban Consumers added 0.1 percent in July on a seasonally adjusted basis, below market consensus
of 0.2 percent, the U.S. Labor Department reported Wednesday. Over the last 12
months, the all items index rose 0.2 percent before seasonal adjustment.
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"The retracement in energy costs will likely drag headline CPI back into negative territory by the end of the quarter, and will filter through to the
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The benchmark Shanghai Composite Index closed 1.23 percent higher to finish at 3,794.11 points, reversing losses of more than 5 percent in the morning
trading session, on speculation of fresh government support, including an
expected reserve requirement ratio cut.
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