Markets drop over 1% at the end of the day

Stock losses accelerated toward the end of the trading session, leaving major indices around session lows by the time the market closed. The Fed minutes, released Wednesday afternoon, showed most officials believe the economic recovery has advanced enough that the central bank could begin the tapering process sometime this year.

That put some pressure on stocks, which have bounded back from their pandemic lows in part through extraordinary levels of fiscal and monetary support.

Wall Street Journal