Stocks closed broadly lower on Wall Street Wednesday, handing the S&P 500 a loss a day after it closed at a record high.
Stocks started to fade in the afternoon after the Federal Reserve released minutes from its latest policy meeting. The market’s momentum has remained solid, but it’s slowed recently after roaring back from a nearly 34% plummet in February and March.
The S&P 500 fell 14.93 points, or 0.4%, to 3,374.85.
The Dow Jones Industrial Average slid 85.19 points, or 0.3%, to 27,692.88.