Trader Edward Curran works on the floor of the New York Stock Exchange Wednesday, Jan. 8, 2014.Stocks are mostly lower in early trading as investors hold back ahead of the release of the latest news from the Federal Reserve. (AP Photo/Richard Drew)
Wednesday, January 08, 2014 4:15 pm
Stocks mostly lower after Fed releases minutes
The Associated Press
The Dow Jones industrial average lost 68 points, or 0.4 percent, to close at 16,462 Wednesday.
The Standard & Poor's 500 index fell a fraction to 1,837. The Nasdaq composite was up 12 points, 0.3 percent, at 4,165.
Telecommunications stocks fell the most. Health care stocks rose.
Trading is getting off to a slow start at the beginning of the year. Investors are looking ahead to the government's monthly jobs report Friday. Chevron and Alcoa release their results on Thursday.
Bond prices fell. The yield on the 10-year Treasury note rose to 3 percent.