US STOCKS-Wall St down in volatile trading after Fed minutes

miércoles 19 de agosto de 2015 15:18 GYT

* Energy shares lead decline as oil futures tank

* Indexes down: Dow 0.95 pct, S&P 0.89 pct, Nasdaq 0.85 pct (Updates prices, changes comments, byline)

By Rodrigo Campos

Aug 19 (Reuters) - U.S. stocks fell in choppy trading on Wednesday as minutes from the July Federal Reserve meeting confounded traders' expectations of an interest rate hike.

Major indexes had fallen more than 1 percent in late morning trading but the Nasdaq and Dow industrials briefly turned positive after release of the Fed minutes.

Utilities stocks, sought for their comparable high returns and stability when Treasury yields are seen weakening, were the only S&P 500 sector in positive territory.

The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the job market continued to improve.

"The Fed seemed to express concerns that international developments would weigh more on the inflation outlook than the economic outlook," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin. "This could incline the Fed to wait to hike."

Energy stocks posted the most losses on the S&P 500 as crude fell 4.3 percent for the day, even as the U.S. dollar also weakened after a somewhat dovish read on the minutes.   Continuación...