THRM - Nasdaq Down 1%; Gentherm Shares Spike Higher | Benzinga
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 150 points on Wednesday.
The Dow traded down 0.39% to 38,412.53 while the NASDAQ fell 1.06% to 15,464.67. The S&P 500 also fell, dropping, 0.47% to 4,952.19.
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Leading and Lagging Sectors
Energy shares rose by 1.7% on Wednesday.
In trading on Wednesday, information technology shares fell by 1.7%.
Top Headline
The minutes from the latest Federal Open Market Committee (FOMC) meeting underscored the Federal Reserve’s commitment to await more concrete evidence of a disinflationary trend before contemplating interest rate reductions.
According to the Fed statement, the FOMC emphasized that it anticipates maintaining interest rates steady "until it has gained greater confidence that inflation is moving sustainably toward 2%.”
Equities Trading UP
MediaAlpha, Inc. (NYSE: MAX) shares shot up 23% to $19.43 after the company reported better-than-expected fourth-quarter ...