US stocks fall after Fed minutes, Dow Jones drops 380 points

US stock indices fell on Wednesday, after the Federal Reserve meeting minutes, amid focus on the pandemic's latest updates. 

Efforts to contain the coronavirus pandemic are continuing around the world, especially after the new highly transmissible delta strain emerged in some countries.

The US prepares to start distributing booster Covid-19 shots to its citizens on September, as the effects of the vaccines started to fade over time.

Former White House health adviser Dr. Anthony Fauci said that evidence of reduced protection started to show up on people who received two vaccine shots due to the dominance of the delta variant.

Otherwise, the Federal Reserve's meeting minutes showed that there were discussions during the last meeting to reduce the size of the bond-buying program this year.

To the oil market, WTI crude September futures fell 1.7% or $1.13, and closed at $65.46 a barrel.

Brent October futures fell 1.1% or 80 cents, and closed at $68.23 a barrel.

As for stocks, Dow Jones fell 1.1% or 382 points, and closed at 34,960, with a day high of 35,356, and a low of 34,943.

S&P 500 fell 1.1% or 48 points to 4,400, after hitting a high of 4,454, and a low of 4,397.

Nasdaq fell 0.9% or 130 points to 14,526, with a high of 14,697 and a low of 14,516.