Evening Market Recap - Wednesday, 22-May

US equities ended lower Wednesday, not far from their worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 51bps, 27bps, and 18bps respectively. May FOMC minutes discussed "disappointing" data not boosting policymakers' confidence and that disinflation was likely to take longer than previously thought. April existing home sales missed, though March sales revised higher and inventory dynamics continued to improve. Goldman CEO Solomon said he doesn't see Fed cutting rates this year. nVidia beat on earnings and guidance, raised its dividend and announced a stock split.