WALL ST EXTENDS SLIDE AHEAD OF FED MEETING MINUTES

U.S. stock indexes fell on Wednesday as investors locked in profits after a strong 2023 and awaited the Federal Reserve's December meeting minutes for clues on its interest rate path. Wall Street kicked off the new year on a dull note on Tuesday as Apple and other high-growth companies came under pressure from higher yields, halting a blistering rally in stock markets. The benchmark S&P 500 (.SPX) came within striking distance of its all-time closing high last week as investors priced in aggressive rate cuts this year following signs of cooling inflation. Shares of rate-sensitive megacap stocks extended their drop on Wednesday, with Nvidia (NVDA.O), Apple (AAPL.O) and Tesla (TSLA.O) down between 0.8% and 3.8% as the 10-year Treasury yield climbed for a fourth straight session to 3.959%.

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