US STOCKS-Wall St at session highs as investors digest Fed minutes

miércoles 9 de julio de 2014 14:57 GYT
 

* Fed advances discussion on exit strategy -FOMC minutes

* Alcoa earnings top expectations; stock jumps

* Airline shares rally after American's revenue comment

* Dow up 0.4 pct, S&P 500 up 0.4 pct; Nasdaq up 0.6 pct (Updates with Fed minutes)

By Angela Moon

NEW YORK, July 9 (Reuters) - U.S. stocks rose to session highs on Wednesday after minutes from the last Federal Reserve meeting showed the central bank has begun detailing how it will end its easy monetary policy.

Major stock indexes dipped immediately after the release of the minutes but quickly recovered.

The Fed indicated it will end its asset purchases in October and appeared near agreement on a plan to manage interest rates in the future, according to the minutes.

"The market, after digesting the Fed minutes, came to the conclusion that the bond buying program ending in October is a sign of economic strength," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.   Continuación...