SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets end lower on Wednesday

US markets end lower on Wednesday

13 Apr 2023 Evaluate

The US markets ended lower on Wednesday after the minutes of the latest Fed meeting suggested the recent banking sector turmoil could lead to a recession. The minutes of the March 21-22 meeting revealed that the staff's economic projection in light of the banking sector turmoil included a mild recession starting later this year, with a recovery over the subsequent two years. However, markets initially benefited from a positive reaction to a Labor Department report showing U.S. consumer prices increased by less than expected in the month of March. The Labor Department said its consumer price index inched up by 0.1 percent in March after climbing by 0.4 percent in February. Street had expected consumer prices to rise by 0.3 percent.

The report also showed the annual rate of consumer price growth slowed to 5.0 percent in March from 6.0 percent in February. The year-over-year growth was slower than the 5.2 percent expected by street and marks the smallest 12-month increase since May 2021. The report also said core consumer prices, which exclude food and energy prices, rose by 0.4 percent in March after advancing by 0.5 percent in February. The increase matched street estimates. On the sectoral front, Significant weakness emerged among semiconductor stocks, as reflected by the 1.8 percent slump by the Philadelphia Semiconductor Index. Retail stocks also came under pressure over the course of the session, with the Dow Jones U.S. Retail Index falling by 1.6 percent.

Dow Jones Industrial Average lost 38.29 points or 0.11 percent to 33,646.5, Nasdaq declined 102.54 points or 0.85 percent to 11,929.34 and S&P 500 was down by 16.99 points or 0.41 percent to 4,091.95. 

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×