Wall Street declines ahead of Fed's minutes

2022-08-17 14:51PM UTC

US stock indices declined on Wednesday ahead of the Federal Reserve's meeting minutes. 


Earlier US data showed retail sales stabilized last month as gasoline prices declines and car sales dipped. 



Later today, the Federal Reserve will reveal the minutes of its last meeting, at which it hiked interest rates by 75 basis points.


Dow Jones declined 0.5% to 33,964 as of 14:39 GMT, while NASDAQ shed 1.4% to 12,917, as S&P 500 shed 0.8% to 4,217. 

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