US STOCKS-Dow, S&P 500 end slightly lower after Fed minutes

miércoles 20 de mayo de 2015 16:29 GYT

* Minutes in line with interest rate expectations

* S&P briefly hits intraday record high

* Airlines down on expectations of lower passenger revenue

* Dow down 0.15 pct, S&P down 0.09 pct, Nasdaq up 0.03 pct (Updates to close, adds comment)

By Noel Randewich

May 20 (Reuters) - U.S. stocks ended marginally lower on Wednesday after Wall Street saw little in the minutes from last month's Federal Reserve meeting to alter expectations of when the central bank will raise interest rates.

Following the minutes' release, the Dow and S&P 500 pushed into record territory before giving up their gains.

Officials at the Fed's April policy meeting believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data, according to the minutes.

"They didn't give much tangible evidence that they were going to do anything different than what the market was already prepared for, and I think that's why the net-net was a benign impact to financial markets," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.   Continuación...