US STOCKS-Wall St dips after record with eyes on Fed minutes

miércoles 19 de noviembre de 2014 11:36 GYT
 

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* Indexes down: Dow 0.2 pct, S&P 0.4 pct, Nasdaq 0.6 pct (Updates to morning trading, adds comment)

By Rodrigo Campos

NEW YORK, Nov 19 (Reuters) - U.S. stocks fell on Wednesday, following record closing highs on the S&P 500 and Dow in the previous session, ahead of minutes from the most recent Federal Reserve policy meeting.

The Fed is set to publish minutes from the Federal Open Market Committee's October policy meeting at 2:00 p.m. EST (1900 GMT). They are expected to show the Fed's path is diverging from other major central banks that are increasing their stimulus programs. This view has helped strengthen the U.S. dollar, weighing on crude oil and other commodity prices.

"I can understand the market being a bit jittery here after making a new high and pausing ahead of the Fed minutes," said Paul Zemsky, chief investment officer of Multi-Asset Strategies and Solutions at Voya Investment Management.

Starts for U.S. single-family homes rose for a second straight month in October and overall building permits approached a 6-1/2-year high, suggesting the housing market was still on a recovery path.   Continuación...