U.S. stocks closed little changed, with the
Standard & Poor’s 500 Index slipping for a second day, as a selloff
in airlines offset Federal Reserve meeting minutes that showed officials
in no hurry to raise interest rates.
The S&P 500 Index fell 0.1 percent to 2,125.80 at 4 p.m. in New York, after briefly climbing above its all-time high.
Fed officials last month didn’t expect to raise
rates at their June meeting even as they concluded that a first-quarter
economic slowdown was unlikely to persist, the meeting minutes showed. A
“few” members said they anticipated the economy would be ready for a
June liftoff.
Source: Bloomberg
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