After coming under pressure early in the session, stocks have regained some ground over the course of the trading day on Wednesday but remain mostly lower. Currently, the major averages are off their worst levels of the day but still firmly in negative territory.
After starting the new year on a downbeat note, stocks may see continued weakness in early trading on Wednesday. Concerns investors have become too optimistic about the likelihood of near-term interest rate cuts may weigh on the markets ahead of the release of the minutes of the Federal Reserve's latest monetary policy meeting later in the day.
Reflecting renewed uncertainty about the outlook for interest rates, stocks have moved mostly lower during trading on Wednesday. The major averages have all moved to the downside, with the tech-heavy Nasdaq falling for the fourth consecutive session.