Wall Street is falling after the US Federal Reserve

The three major US stock indices fell after minutes from the Federal Reserve meeting showed that the central bank agreed to keep interest rates steady at its June meeting as a way to buy time and assess whether further interest rate hikes are needed.

Chip stocks fell after China said it would take control of exports of some metals widely used in the semiconductor industry, as tensions escalated between Beijing and Washington over access to high-tech microchips. The Dow Jones Industrial Average fell 129.64 points, or 0.38%, to 34,288.83 points, and the Standard & Poor’s 500 index fell by 8.94 points, or 0.20%, to 4,446.65 points, and the Nasdaq Composite Index fell 25.12 points, or 0.18%, to 13,791.65 points