The S&P 500 closed lower on Wednesday following the release of minutes from the Federal Reserve's Jan. 31-Feb. 1 meeting.
Shares of Coinbase (NASDAQ: COIN) dropped 1.4% on Wednesday after the company reported mixed Q4 financial results.
The CNN Money Fear and Greed index showed some improvement in the overall sentiment among US investors.
US stocks closed mostly lower on Wednesday as investors digested minutes from the Federal Reserve’s recent meeting.
After Tuesday’s brutal sell-off, sentiment continues to remain unsettled. The index futures point to indecision and a lack of conviction among traders on Wednesday as they look ahead to more Main Street cues.
Cues From Tuesday’s Trading:
US stocks closed sharply lower, recording their worst performance of the year.
Investors assessed the economic data, which showed the S&P Global composite PMI rising to 50.2 in February from 46.8 in the prior month.
Investors await the release of minutes from the recent Fed's policy meeting, due on Wednesday.