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Wall Street moves in a tight range of trading
May 22, 2024 9:41 AM

US stock indices were mixed on Wednesday but still moved within a tight range of trading ahead of the release of Feds minutes.

Later today, the Federal Reserve will release its minutes of its last meeting, which could include clues on the future of monetary policy.

Fed Chair Jerome Powell said last week that he expects US inflation to slow down in upcoming months, which would be a positive sign for markets waiting for rate cuts.

On trading, Dow Jones fell 0.1%, or 59 points as of 16:29 GMT to 39,813, while SP 500 fell 0.1%, or two points to 5,319, as NASDAQ added 0.1%, or 18 points to 16,850.

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