Market Sell-Off Continues as Fed Notes Inflation Concerns

The Dow Jones Industrial Average dropped over 0.5% in its second consecutive losing session. The index declined by 180.65 points (0.52%) to finish at 34,765.74. The S&P 500 also dipped 0.76% to close at 4,404.33, while the Nasdaq Composite declined 1.15% to end the day at 13,474.63. This decline in stocks was influenced by the release of the Federal Reserve’s July meeting summary, which hinted at the possibility of higher interest rates.