ADVERTISEMENT

STOCKS TUMBLE INTO THE RED: Here's what you need to know

Stocks tumbled more than 150 points from their highest during trading on Wednesday.

null

Stocks soared in trading on Wednesday before tumbling to end the day in negative territory.

ADVERTISEMENT

All three indexes tanked following the release of the Federal Reserve's minutes from the March monetary policy meeting as the Fed indicated that it would look into reducing its balance sheet by the end of the year.

The Dow Jones industrial average was up nearly 150 points on the day early in trading before tumbling in the afternoon.

We've got all the headlines, but first, the scoreboard:

ADVERTISEMENT

ADDITIONALLY:

ADVERTISEMENT

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

FCMB: A corporate journey of resilience, evolution, and growth

FCMB: A corporate journey of resilience, evolution, and growth

Congo is spending 22% of its scarce revenue on security - Minister

Congo is spending 22% of its scarce revenue on security - Minister

Another African country is set to get a Russian embassy

Another African country is set to get a Russian embassy

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

10 African countries with the most troubling external debt in 2024

10 African countries with the most troubling external debt in 2024

10 African countries with the least soft power influence over the world

10 African countries with the least soft power influence over the world

Kenyan government rejects calls to ban TikTok, recommends tighter control over

Kenyan government rejects calls to ban TikTok, recommends tighter control over

ADVERTISEMENT