U.S. equities fell on Wednesday as investors took a break from the market boom of the previous week and considered Federal Reserve Chairman Jerome Powell’s most recent remarks on inflation.
113 points, or 0.3%, were lost by the Dow Jones Industrial Average. The Nasdaq Composite and S&P 500 both fell by 0.4%.
After the transportation behemoth reported weaker-than-expected revenue for its most recent quarter, FedEx shares dropped 2.4%.After the manufacturer of RVs failed expectations for third-quarter revenue, Winnebago’s stock fell more than 5%.
Source (CNBC)
