US STOCKS-Dow, S&P 500 rise after Fed minutes reassure on rates

miércoles 20 de agosto de 2014 17:17 GYT

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By Akane Otani

NEW YORK, Aug 20 (Reuters) - U.S. stocks ended mostly higher on Wednesday, with the S&P 500 just missing a record close, after minutes from the Federal Reserve's July meeting gave investors reason to believe that the central bank is in no rush to raise interest rates.

The minutes were from the two-day meeting of the Federal Open Market Committee in late July, when the Fed trimmed its monthly bond-buying program by an additional $10 billion.

Stocks pared gains immediately after the release of the minutes, but the Dow and the S&P 500 returned to positive territory with a little more than an hour of trading left in the regular session.

The S&P 500 barely missed its record close of 1,987.98 and finished within 5 points of its all-time intraday high of 1,991.39, both set on July 24.   Continuación...