Newsclip®: [Business] Stocks flit from gains to losses after Fed minutes released - San Francisco Chronicle

"NEW YORK (AP) — Stocks are flitting between gains and losses on Wednesday after minutes from the Federal Reserve's last meeting suggested that policymakers may raise interest rates next month if the economy continues to improve. Bond yields jumped, sending bank stocks even higher, while utilities and other high-dividend stocks fell. The Fed minutes of its meeting in April showed that there was a widely held view that it 'likely would be appropriate' to raise rates at its June meeting as long as the economy and labor markets continue to strengthen and inflation shows signs of accelerating. The home improvement chain Lowe's rose $2.47, or 3 percent, to $78.54 on surging first-quarter profits and higher comparable-store sales. The company also raised its outlook for the year as it benefits from a strengthening U.S. housing market. In other trading, wholesale gasoline rose 1 cent to $1.65 a gallon, heating oil gained 2 cents to $1.48 a gallon and natural gas", www.sfchronicle.com


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