US STOCKS-Wall Street pares gains after Fed minutes

miércoles 20 de agosto de 2014 14:50 GYT

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By Akane Otani

NEW YORK, Aug 20 (Reuters) - U.S. stocks slightly pared gains on Wednesday after minutes from the Federal Reserve's July meeting showed the central bank remains accommodative but may hike interest rates sooner depending on the economy's rebound.

The minutes came after a two-day meeting of the Federal Open Market Committee in July, where the Fed trimmed its monthly bond-buying program by an additional $10 billion.

Stocks were mixed, with the S&P 500 within 8 points of its all-time high and the Nasdaq Composite slightly retreating from gains earlier in the day.

"I don't think there were really any surprises in the minutes, or that the markets are reacting meaningfully to them," said Carin Pai, executive vice president and director of equity management at Fiduciary Trust in New York.   Continuación...