US STOCKS-Wall St dips; briefly trims losses after Fed minutes
* Fed minutes suggest concern about raising rates too soon
* Exxon down after news of refinery explosion
* Dow down 0.2 pct; S&P 500 down 0.2 pct, Nasdaq down 0.1 pct (Updates to after Fed minutes)
By Caroline Valetkevitch
NEW YORK, Feb 18 (Reuters) - U.S. stocks were down slightly on Wednesday, briefly trimming losses after minutes from the latest Federal Reserve meeting showed concern from policymakers about raising interest rates too soon.
Fed policymakers expressed concern last month that raising interest rates too soon could pour cold water on the U.S. economic recovery, and fretted over the impact of dropping "patient" from the central bank's interest rate guidance.
"I think it's probably much more dovish than anybody anticipated, that's for sure. I think June is going to be hard for them to move, but that's not to say they won't," said Greg Peters, senior investment officer at Prudential Fixed Income in Newark, New Jersey.
An index of S&P 500 utilities was up 2.1 percent and the biggest positive in the S&P 500 as bond yields declined.
Energy shares were the biggest drag, led by Exxon Mobil , which fell 2.5 percent to $90.68 following news of an explosion and fire at an Exxon refinery near Los Angeles. Continuación...