Having evaluated the Fed’s minutes of the June policy meeting, Wall Street is ready to revise its forecasts of a rate hike in July. The market is adjusting the Fed’s stance to economic data. ADP employment data sheds light on the labor market conditions. The government data will be released on Friday. Market sentiment on Wednesday depended on the Fed’s minutes. The hawkish signals pushed the stock indices down. The Dow Jones lost 129 points or 0.38%. The Nasdaq closed 0.18% down. The S&P 500 shed 8 points or 0.20% to close to 4,446. The major indices traded on a pessimistic note in the New York pre-market. All of them went lower into negative territory. The S&P 500 is expected to trade in the intraday corridor between 4,370 and 4,440. The Fed’s minutes dampened market se
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