US STOCKS-Wall St ends with modest gains after Fed minutes
* Fed minutes indicate rate hike in 2015; members differ on month
* Mylan jumps after offering to buy Perrigo for about $29 bln
* Alcoa flat in extended trading after results
* Indexes up: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.8 pct (Updates to market close, Alcoa results)
By Ryan Vlastelica
NEW YORK, April 8 (Reuters) - U.S. stocks ended a volatile session with modest gains on Wednesday after minutes from a U.S. Federal Reserve meeting indicated that the central bank remained on track for a interest rate hike this year.
Major indexes moved between negative territory and session highs after the news as traders parsed the minutes for clues as to when the first rise could occur. Some Fed participants went on record saying they expected upcoming economic data would warrant an initial rate increase in June, while others anticipated a hike later in 2015 due to recent strength in the U.S. dollar.
Market participants had been expecting the first rate hike to come in September or later, with last week's much weaker-than-expected March payroll report pointing to slowing growth. The central bank has said it would only raise rates when data suggests the economy is strong enough to withstand it.
"June would come as a surprise," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments in Atlanta, Georgia. "If the Fed moves monetary policy in an arbitrarily fast manner, that would be a detriment for stocks." Continuación...