U.S. stocks end lower, Nasdaq loses 1.2%, after Fed minutes show most officials see more rate hikes likely

U.S. stocks finished lower on Wednesday, led by a slump in technology-heavy Nasdaq Composite, after the Federal Reserve’s minutes from its July meeting show most senior officials saw “upside inflation risks” which could lead to more interest-rate hikes.

How stocks traded

On Tuesday, the Dow Jones Industrial Average fell 361 points, or 1.02%, to 34,946, the S&P 500 declined 52 points, or 1.16%, to 4,438, and the Nasdaq Composite dropped 157 points, or 1.14%, to 13,631.

What drove markets

Stocks…