Stock Market Today: Stocks Fall After Fed Speeches

The major indexes finished lower Wednesday amid hawkish commentary from several Federal Reserve officials.

stock market chart
(Image credit: Getty Images)

Selling on Wall Street resumed Wednesday, with the major benchmarks spending the entirety of the session in negative territory. 

In focus today were speeches from several Federal Reserve officials – especially following Fed Chair Jerome Powell's message yesterday that indicated the central bank's fight against inflation is far from over. The latest batch of earnings reports also moved stocks. These included well-received results for ride-sharing firm Uber Technologies (UBER) and pharmacy chain CVS Health (CVS). 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.