U.S. stocks dropped abruptly on Wednesday, declining from previous highs, following minutes from the FED’s latest meeting which typified conflicting opinions over continuous stimulus efforts. The Dow Jones fell 108.13 points, or 0.8 percent to 13,927.54, with Caterpillar took a hit following news that the worldwide maker of building and mining tools announced that its global sales decreased in the first quarter. After a 12-year high on Tuesday, the Nasdaq slid 49.19 points, or 1.5 percent, to 3,164.41 while Gold fell 1.6 percent to lower than $1,600 an ounce, stressed by the FOMC minutes and dollar’s heft. With individual stock changes, Boeing shot 0.2 percent one day following promises by engineers who accepted the plane manufacturer’s deal thus deflating a labour disagreement.
