DJIA down 94, S&P down 10.32.
Stocks are dropping immediately after the release of the Fed minutes. No immediate signals of additional quantitative easing appear to be the catalayst from the latest downdraft.
The Dow dropped 111 points, or 0.8%, to 13153. The S&P 500 fell 11 points, or 0.8%, to 1408 and the Nasdaq Comp declined 13 points, or 0.4%, to 3108.
The Fed minutes didn’t yield any grand surprises. Fed officials believe the economic recovery has strengthened, but the big worry is the labor market and whether the pace of job growth can continue increasing....MORE