U.S. stocks close | The Fed expects to shrink the monthly cap of $95 billion next month, the Nasdaq drops 2.2%

The minutes of the U.S. Federal Reserve’s March interest rate meeting revealed that members supported a reduction in the balance sheet starting in May, by up to $95 billion per month, and expected a half-point rate hike at a later meeting, the content shared with member Lael Brainard. ) similar to the previous day's remarks, and the three major U.S. stock indexes fell on Wednesday.

The Dow once plunged 300 points, and the decline narrowed slightly before the close; the Nasdaq also fell by more than 2%.

According to the interest rate record, the members generally agreed to reduce the amount of the balance sheet to a maximum of US$60 billion per month in U.S. Treasury bills and US$35 billion in mortgage-backed securities for 3 months, which is twice the size of the last time, showing that the bureau may be willing to be more aggressive. To curb inflation, put pressure on the stock market.

The Dow Jones index closed at 34,496 points, down 144 points or 0.42%; the S&P 500 closed at 4,481 points, down 43 points or 0.97%; the Nasdaq index closed at 13,888 points, down 315 points or 2.22%.

Financial stocks fell significantly, Goldman Sachs fell 2.38%, Visa fell 3.13%, American Express fell 0.91%, and Mormon fell 1.39%.

A number of drug stocks bucked the trend and rose, with Amgen up 2.2%, Procter & Gamble up 1.43%, and Pfizer up 3.18%.

Major technology stocks were sold, with Apple down 1.85%, Microsoft down 3.66%, Tesla down 4.17%, NVIDIA down 5.88%, Amazon down 3.23%, Alphabet down 2.88%, and Meta down 3.68%.

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