Daily Wrap

DJIA -108.13 (-0.77%) to 13,927.54; S&P 500 -18.99 (-1.24%) to 1,511.95; NASDAQ -49.18 (-1.53%) to 3,164.41 Much of today’s down leg seemed to be attributed to the FOMC’s January 29-30 meeting minutes which indicated that several Fed members were starting to think about altering the current bond buying strategy.  There are many that believe the Fed has help drive this rally so any change in policy especially one that could look as the beginning of a step back might not be overly welcomed.  The markets have been in a relatively impressive climb of late so it also stands to reason that many stops may have…