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Wall Street Extends Three-Day Slide After Fed Minutes Lift Yields

Fed minutes tempered hopes for early rate cuts.

Overview

  • The Dow Jones Industrial Average fell 94.87 points to 48,367.06, marking a third straight decline.
  • The tech-heavy Nasdaq Composite dropped 55.27 points to 23,419.08, also down for a third session.
  • U.S. long-term Treasury yields rose after the December FOMC minutes showed no clear tilt toward near-term easing.
  • The dollar strengthened to ¥156.38–48 in late New York trading, reflecting wider rate differentials.
  • Tokyo’s Nikkei finished at 50,339.48, down ¥187.44, as equity weakness followed the rise in U.S. yields.