Stock Market Today- 8/17:Stocks Lower As Fed Rate Bets Accelerate

Updated at 10:27 a.m. EST

US equities fell on Wednesday, as government bond yields lifted and the dollar rose further against its global counterparts as investors worry that improving consumer confidence, retail spending and job growth will continue to fuel domestic inflation and more interest rate hikes from the U.S. Fed will cause.

Shares closed higher yesterday after better-than-expected second-quarter results from Walmart (WMT) and Home Depot (HD) in addition to what appears to be a solid recovery in GDP growth prospects, the Dow lifted the 34,000 mark for the first time since May.

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