Dow, S&P 500, Nasdaq close sharply lower as stocks slide after Fed minutes
Video: Materials sector continues to lag S&P 500 performance (CNBC)
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Police admit to missteps in Uvalde school massacre CNBC's Perry Russom joins 'The News with Shepard Smith' to report on the Uvalde police response to the elementary school massacre and the anger of the parents whose children were in the school.
CNBC
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Players in the industry who want to bring stablecoins to market welcome scrutiny, says Slow Ventures' Gunter CNBC's MacKenzie Sigalos joins 'CNBC Special: Crypto Night in America' to discuss stablecoins and whether the recent crash in terra have investors reexamining how they fit into their investment plans. With Slow Ventures' Jill Gunter and Steven Kelly, Yale School of Management.
CNBC
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We want to make sure new tech isn't a vehicle to exploit people, says CFPB's Chopra CNBC's Sharon Epperson joins 'CNBC Special: Crypto Night in America' to discuss the Consumer Financial Protection Bureau's role in regulating cryptocurrencies. She spoke with the CFPB head Rohit Chopra about protecting consumers in the age of bitcoin.
CNBC
Major U.S. stock benchmarks ended sharply lower Wednesday, with the tech-heavy Nasdaq Composite index suffering the steepest decline, after the Federal Reserve released minutes of its December meeting that showed officials eyeing potentially faster and earlier rate hikes amid high inflation. The Nasdaq dropped about 3.3%, the S&P 500 fell about 1.9% and the Dow Jones Industrial Average lost about 1.1%, according to preliminary data from FactSet. Fed officials also discussed shrinking the central bank’s balance sheet, another form of tightening monetary policy. Losses for the interest-rate-sensitive Nasdaq Composite came as the yield on the 10-year Treasury note climbed to about 1.7% Wednesday, the highest since April based on 3 p.m. levels, according to Dow Jones Market Data.