The S&P 500 closed lower on Wednesday following the release of minutes from the Federal Reserve’s Jan. 31-Feb. 1 meeting.
Shares of Coinbase (NASDAQ:COIN) dropped 1.4% on Wednesday after the company reported mixed Q4 financial results.
Majority of the sectors on the S&P 500 closed on a negative note, with energy and real estate stocks recording the biggest plunge on Wednesday. However, materials and consumer discretionary closed higher during the session.
The Nasdaq 100 rose 0.05% to close at 12,066.27 on Wednesday, amid slight gains in shares of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL).
The S&P 500 fell 0.16%, recording losses for the fourth straight session, while the Dow Jones lost 0.26% to 33,045.09 in the previous session.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 2.5% to 22.29 points on Wednesday.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market’s expectation of volatility based on S&P 500 index call and put options.
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