The broad S&P500 index fell 0.7 percent, while the technology-heavy Nasdaq composite index fell 1.3 percent.
The negative trend basically lasted throughout the day. In connection with the release of the minutes from the US central bank’s last meeting at the end of July, the Dow Jones temporarily climbed to positive figures, but the trend soon turned downwards again.
The minutes showed that the more restrictive monetary policy, with interest rate increases, will continue as long as inflation is at the high level it is now.
Retail giant Target’s stock retreated 2.7 percent on Wednesday, after an interim report in which it appeared that the company’s profit ended up far below analysts’ forecast.