Stocks are mixed after Fed minutes and Europe worries
NEW YORK (AP) — U.S. stocks are paring their losses Wednesday as the investors feel the Federal Reserve isn't in a hurry to raise interest rates too quickly. Retailers and health care and technology companies are up. Bond yields and interest rates are down as investors worry about the European economy after a measure of business activity in the region fell to an 18-month low in May.
KEEPING SCORE: The S&P 500 index fell as much as 14 points in morning trading but was down 1 point, or 0.1 percent, to 2,722 as of 2:40 p.m. Eastern time. The Dow Jones industrial average slid 54 points, or 0.2 percent, to 24,780 as Goldman Sachs and American Express both fell 1 percent. The Nasdaq composite rose 13 points, or 0.2 percent, to 7,392.