All three major U.S. stock indexes closed lower on Wednesday, led by an almost 245-point drop in the Dow Jones Industrial Average, after minutes of the Federal Reserve's May 6-7 meeting

referred to rising upside inflation risks. The Dow Jones Industrial Average fell 244.95 points, or 0.6%, to close at 42,098.70, based on preliminary data. It touched a session low of

42,042.26 after the Fed minutes were released. The S&P 500 dropped 32.99 points, or almost 0.6%, to finish at 5,888.55. The Nasdaq Composite declined 98.23 points, or 0.5%, to end at

19,100.94.