Relive the excitement of the Patriots’ path to their fourth Super Bowl Championship with “Pumped”, a special commemorative book from The Boston Globe. Order now.

Markets

Minutes from Fed put Street on edge

Continue reading below

Minutes of the January Fed meeting triggered a late drop in the market. Caterpillar’s weaker sales also dragged on stocks; Caterpillar fell 2.5%. Details of the Fed meeting seemed to catch investors by surprise. Several policy makers worried the central bank’s bond-buying could eventually unsettle financial markets or cause the Fed to take losses. Still, most of the officials thought the economy was facing fewer risks than in December. News that Apple’s major supplier, Foxconn, has stopped hiring at its largest plant in China helped push down Apple, which fell 2.4%. Foxconn ­reportedly said the freeze is not related to iPhone orders.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com