Stocks

Traders’ and investors’ moods began to sour on Wednesday afternoon following the release of the Federal Open Market Committee meeting minutes.

‘We do not think that investors should overreact to one set of data points,’ said one market strategist as the Dow fell 700 points.

At the closing bellThursday, more than 51.5 million shares of the company’s stock had traded hands, three times the normal volume.

Wall Street had a mixed reaction.

Healthy earnings have helped the S&P 500 achieve its highest annual fourth-quarter growth rate in three years.

Weak sales have raised concerns that consumer spending—a driving force behind the economic recovery since the end of the pandemic—is slowing down.

Honeywell’s decision to split itself into three publicly traded companies is a big victory for activist investor Elliott Investment Management