Wall St ends lower on Fed's gloomy outlook; Dow down 53 pts & Asian mkts trading lower; Nikkei slips 109 pts

The US markets ended lower on Wednesday as banking and technology stocks pulled back and comments from the US Federal Reserve dampened the market's optimism. Investors locked in profits, sending major indices lower after the Fed Minutes, as the gloomy outlook caught many off guard. At closing bell, the Dow Jones Industrial Average shed 52.81 points or 0.62%, to 8,422.04. The S&P 500 lost 4.66 points or 0.51%, to 903.47 and the NASDAQ Composite fell 6.70 points or 0.39%, to 1,727.84.