us stocks trimmed their losses on wednesday following the release of minutes from the federal reserves july meeting with the dow jones industrial average djia briefly popping back above the 34100 level the bluechip gauge was off just 71 points or 02 at 34082 in recent trade the sp 500 spx was off 20 points or 05 at 4284 the nasdaq composite comp was down 105 points or 08 to 12999 fed minutes showed that a group of senior fed officials disagreed with fed chairman jerome powells assessment that the central bank had already succeeded in raising interest rates back to neutral on the other hand many fed officials said they were worried about the risk that the fed might be overly aggressive and cause more damage to the economy than would be necessary ian lyngen head of us rates strategy at bmo capital markets said in emailed commentary that the minutes were marginally less hawkish and implied that a 75 basis point hike in september shouldnt be the markets base case