18 Oct 18 US Close: US stocks slip as Fed Minutes cause unease

US sharemarkets declined on Wednesday after the US Federal Reserve released meeting minutes showing broad agreement from policymakers on the need to raise interest rates. Banks Goldman Sachs (+3.0%) and Morgan Stanley (+2.7%) rose. Netflix shares lifted 5.3% after posting strong subscriber growth with earnings beating expectations. IBM's shares slid 7.6% after the company's quarterly revenue fell more than expected. Homebuilders Home Depot (-4.3%) and Lowe's (-3.3%) fell after a downgrade by Credit Suisse. The Dow Jones fell by 91 points or 0.4%. The S&P500 index fell by just 0.03% and the Nasdaq index fell by almost 3 points or 0.04%

 

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