US STOCKS-Wall St sharply lower amid rate hike bets, fall in oil

jueves 19 de mayo de 2016 11:27 GYT
 

* Wal-Mart surges as results beat estimates

* Fed minutes suggest possibility of June rate hike

* NY Fed's Dudley says June, July hike "reasonable"

* S&P, Dow near two-month lows

* Indexes down: Dow 1.06 pct, S&P 0.98 pct, Nasdaq 1.08 pct (Adds details, comment, updates prices)

By Yashaswini Swamynathan and Tanya Agrawal

May 19 (Reuters) - U.S. stocks fell sharply on Thursday after the Federal Reserve signaled the possibility of an interest rate hike as early as June and a stronger dollar and oversupply concerns pressured oil prices.

The S&P 500 and Dow fell to two-month lows in late morning trading.

Minutes of the Fed's April meeting, released on Wednesday, caught the market by surprise as they showed that most policymakers thought a June rate hike was appropriate, given continued improvement in the U.S. economy.   Continuación...