New York - US stocks finished a choppy day lower on Wednesday after minutes from the Federal Reserve's last meeting gave no more clarity on the central bank's plans for its stimulus programme.
At the closing bell, the Dow Jones Industrial Average fell 105.67 (0.70 percent) to 14,897.32.
The broad-based S&P 500 dropped 9.53 (0.58 percent) to 1,642.82, while the Nasdaq Composite Index gave up 13.80 (0.38 percent) at 3,599.79.
Minutes of the July 30-31 meeting of the Federal Open Market Committee (FOMC) showed the Fed continues to debate the timing of pulling back its $85-billion-a-month in bond-buying purchases.
Art Hogan, head of product strategy at Lazard Capital Markets, said the vagueness of the Fed's position raised uncertainty.
“The market would like more clarity and it's not getting that,” Hogan said. “The market is reacting the this vacuum of new news and selling off.” - Sapa-AFP