The tech-dense index lost 0.85% after Fed minutes sparked worries over imminent economic jitters.

The Nasdaq Composite retreated by 100 points, or 0.85%, on Wednesday. The drop was prompted by investors getting cold feet over the minutes of the Fed’s March monetary policy meeting. In those, Federal Reserve staffers predict that a “mild recession” might sweep over the US.

Note it says staffers, and not the actual Jerome Powell clique, which is a total of seven Federal Reserve officials, comprising the Board of Governors. In that light, the Fed staff was not named in the minutes from the March 21-22 meeting when the central bank hiked rates amid a banking crisis.

Regardless, equity shares across the board were looking up in after-hours trading before Thursday’s opening bell. Market participants seem optimistic to dive back into the risky assets as they anticipate the kickoff of the earnings season, which will shed light on America’s Q1 corporate growth.