S&P 500 notches fourth day of losses after Fed minutes reaffirm tough stance on inflation 
Stocks fell Wednesday as traders parsed through a summary of the Federal Reserve’s most recent meeting, looking for clues on the central bank’s next move against inflation. 
The Dow Jones Industrial Average dropped 83 points, or 0.25%. The S&P 500 fell 0.15%, while the Nasdaq Composite rose 0.13%. 
The minutes showed inflation remained “well above” the Fed’s 2% target, adding that the labor market is still “very tight, contributing to continuing upward pressures on wages and prices.” 
Shares of Palo Alto Networks popped 12% after the cybersecurity company lifted its earnings forecast for the year. Crypto exchange platform Coinbase topped revenue expectations, but shares fell 4%. 
Shares of Intel retreated more than 2% on Wednesday after the struggling chipmaker slashed its dividend. 
Intel announced on Wednesday morning that its quarterly dividend would be reduced to $0.125 per share from $0.365, a decrease of more than 60%. 
Shares of the e-commerce giant rose 1.7% after the company closed a deal to buy primary care provider One Medical. Amazon agreed to acquire One Medical in July as part of its efforts to deepen its presence in health care. 
Rio Tinto shares were down slightly as the Anglo-Australian mining firm reported underlying post-tax earnings of $13.3 billion for 2022, a 38% yearly decline. 
Results in the mining sector have broadly been coming in lower following a record 2021, in part due to higher input costs. Rio Tinto also said it would more than halve its dividend. 
Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales. 
Source: CNBC, Investing.com