US STOCKS-S&P rises slightly after Fed minutes released
* Minutes of Fed's Sept meeting released
* Energy sector leads advancers as oil rallies to 5-week high
* Indexes: Dow up 0.23 pct, S&P 0.19 pct, Nasdaq down 0.42 pct (Updates to late afternoon, adds commentary)
By Sinead Carew
Oct 8 (Reuters) - The S&P 500 and Dow indexes gained slightly and Nasdaq pared losses on Thursday after the Federal Reserve released minutes from its September meeting at which the U.S. central bank decided against raising interest rates for now.
The minutes showed that the Fed thought the economy was close to warranting an interest rate hike in September but decided it was prudent to wait for evidence a global economic slowdown was not knocking America off course.
"Overall it doesn't sound like there were any bombshells there," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois, adding that the minutes gave investors little additional insight on the timing for a rate hike. "It's basically the message they put out in their statement in September."
The Sept. 17 decision came around a period of heavy market volatility due to concerns about slowing global economic growth, particularly in China.
At 2:25 p.m., the Dow Jones industrial average rose 53.21 points, or 0.31 percent, to 16,965.5, the S&P 500 gained 5.72 points, or 0.29 percent, to 2,001.55 and the Nasdaq Composite dropped 14.56 points, or 0.3 percent, to 4,776.59. Continuación...