Dow falls over 300 points premarket ahead of FOMC minutes

Wall Street extended losses on Wednesday ahead of the Federal Reserve’s FOMC Minutes which should reveal whether board members discussed the possibility of tapering. As the earnings season continued, companies JD.com and Target released their reports for the first calendar quarter of 2021 prior to the opening bell. The Dow Jones sank 0.95% or 323 points at 7:43 am ET, while the Nasdaq 100 tumbled 1.58% or 209 points. The S&P 500 lost 1.10% a minute later. Meanwhile, the euro fell 0.20% against the dollar to trade for 1.21976.