03:44 PM EDT, 05/28/2025 (MT Newswires) -- US benchmark equity indexes are on track to close lower on Wednesday, after minutes of the Federal Open Market Committee on May 6 and 7 revealed a cautious and wait-and-see approach, while maintaining policy flexibility.

The Dow Jones Industrial Average dropped 0.5% to 42,142.06, while the Nasdaq Composite declined 0.2% to 19,166.83. The S&P 500 was down 0.3% to 5,900.63. All sectors declined except communications.

Fair Isaac ( FICO ) shares were up 8.5%, the best performer on the S&P 500. Baird upgraded the company's stock to outperform from neutral and cut its price target to $1,900 from $2,021. Wolfe Research maintained an outperform rating for Fair Isaac ( FICO ) and cut its price target to $2,000 from $2,400.

Hologic ( HOLX ) shares were up 3.3% a day after the Financial Times reported that Blackstone (BX) and TPG (TPG) have offered to acquire the medical technology company for more than $16 billion and take it private.

AES ( AES ) shares fell 3.6%. Seaport Global adjusted the price target on the company's stock to $5 from $7 and maintained its sell rating.

The 10-year US Treasury yield was up 3.3 basis points to 4.48%, while the two-year rate was up 1 basis point to 3.99%.

July West Texas Intermediate crude oil was up 1% to $61.51 a barrel.