Wall Street dips on rate hike uncertainty; Visa weighs on Dow

Published by
Reuters

By Ambar Warrick and Devik Jain (Reuters) -Wall Street indexes fell on Wednesday as investors fretted over early rate hikes by the Federal Reserve after strong retail earnings, while Visa weighed on the Dow after Amazon said it would stop accepting cards issued by the operator in the UK. Target Corp was the latest big-name retailer to report positive results, as it raised its annual forecasts and beat profit expectations, citing an early start to holiday shopping. But shares of the firm fell 5.2%, tracking declines in those of peer Walmart on Tuesday, as both retailers flagged a hit to their t…

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