US STOCKS-S&P, Dow touch two-month lows as Fed hints at June rate hike

jueves 19 de mayo de 2016 13:12 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"

* Indexes down: Dow 0.86 pct, S&P 0.84 pct, Nasdaq 1.06 pct (Adds details, updates prices)

By Yashaswini Swamynathan and Tanya Agrawal

May 19 (Reuters) - The S&P 500 and Dow touched two-month lows on Thursday, a day after hawkish comments from the Federal Reserve suggested interest rates could be hiked as early as June.

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.

New York Fed President William Dudley said on Thursday that June is definitely a "live" meeting and that a rate hike in June or July is a reasonable expectation.

"We are on track to satisfy a lot of the conditions" for a rate increase, said Dudley, a voting member of the central bank's policy setting committee. The Fed meets on June 14-15.   Continuación...