BOSTON—U.S. stocks slid and Treasury yields jumped on Wednesday after meeting minutes released by the Federal Reserve indicated that it might not only raise interest rates sooner than expected but could also reduce its overall asset holdings to tame high inflation.
The Dow Jones Industrial Average fell 392.54 points, or 1.07 percent, to 36,407.11; the S&P 500 lost 92.96 points, or 1.94 percent, to 4,700.58; and the Nasdaq Composite dropped 522.54 points, or 3.34 percent, to 15,100.17—led downward by shares of technology titans Apple Inc., Google parent Alphabet Inc., Amazon.com, Meta Platforms, and Microsoft Corp.
