U.S. stocks little changed as the Fed minutes fuel fears of June hike
U.S. stocks were little changed with the S&P 500 fractionally up Wednesday after the Federal Reserve minutes showed that policy makers are keeping their options open to hiking interest rates in June. The minutes of the April 26-27 Federal Open Market Committee meeting also suggested that officials are concerned that the markets are too complacent over the Fed's stance on tightening the monetary policy. S&P 500 added less than a point to close at 2,047 and the Nasdaq gained 23 points, or 0.5%, to close at 4,739 while the Dow Jones Industrial Average shed 4 points to finish at 17,526.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.