Summary: All the major benchmarks ended in the red Wednesday. After an initial jolt from the Fed minutes and trading in positive terrain, the Dow Jones Industrial barely moved and the S&P 500 closed just slightly lower. The Nasdaq however dropped about half a percent. Telecoms Verizon (VZ) and AT&T (T) were among the blue chips' biggest decliners. Microsoft (MSFT) was another drag for the Dow components. Shares are down more than 1%, also weighing on both the S&P 500 and the Nasdaq. Tech giant Yahoo (YHOO) pushed the Nasdaq lower. Along with Qualcomm (QCOM), both were down more than 2%. Shares of Qualcomm dropped after the company gave a more cautious five-year outlook. JetBlue (JBLU) continued to soar after saying it plans to cut legroom and charge baggage fee. The airline is hoping the cost savings will increase profits by $400 million a year.
