(Bloomberg) -- U.S. stocks fell, after the Standard & Poor’s 500 Index rose to a record Tuesday, as factory production rose less than forecast before the release of minutes from the last Federal Reserve meeting.
S&P 500 slipped 0.3 percent to 2,093.44 at 12:59 p.m. in New York, after the benchmark index closed at a record Tuesday. The Dow Jones Industrial Average lost 55.36 points, or 0.3 percent, to 17,992.22. Trading in S&P 500 companies was 19 percent below the 30-day average.
“The Fed minutes will be somewhat interesting this afternoon to get insights into their thinking,” Walter Todd, who oversees just over $1 billion as chief investment officer for Greenwood, South Carolina-based Greenwood Capital Associates LLC, said by phone. “The big question here is how are they going to interpret and respond to what is clearly a softer data set over the last several months.”
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