US STOCKS-Wall St set to dip after retailer results; Fed minutes due

miércoles 20 de agosto de 2014 09:07 GYT

* Lowe's, Target fall in premarket after results, forecasts

* Hertz tumbles after withdrawing forecast

* Fed minutes due at 2:00 p.m. EDT (1800 GMT)

* Futures off: Dow off 21 pts, S&P 2.75 pts, Nasdaq 3 pts (Adds Target results, updates prices)

By Chuck Mikolajczak

NEW YORK, Aug 20 (Reuters) - U.S. stocks were set for a slight dip at the open on Wednesday after weak earnings forecasts from retailers Lowe's and Target, ahead of the release of minutes from the most recent meeting of the Federal Reserve.

* Investors will peruse the Fed minutes, which will be released at 2:00 p.m. (1800 GMT), for clues on how soon the central bank plans to hike interest rates. At a two-day meeting of the Federal Open Market Committee in July, the Fed had trimmed its monthly bond-buying program by an additional $10 billion.

* An annual meeting of top central bankers in Jackson Hole, Wyoming, from Thursday through Saturday will also be eyed for possible insight into the path for U.S. monetary policy.

* The benchmark S&P 500 notched its second straight day of gains on Tuesday and closed within 10 points of its all-time intraday high of 1,991.39 reached on July 24, while the Nasdaq Composite extended gains and ended the session at yet another 14-year high.   Continuación...