Wall Street closed mixed after dovish Fed minutes

FXStreet (San Francisco) - US stocks market closed mixed on Wednesday after a choppy session after investors digested dovish Fed minutes with the FOMC minutes saying that zero rates could be for longer.

Most sectors finished Wednesday up for the day. Leaders were the Utilities sector (+1.81%), Technology (+1.16%), and Consumer Staples (+0.68%). To the downside, laggards were Health Care (-0.96%), Energy (-0.92%) and Telecomm (-0.58%).

The Dow Jones declined 0.10% on the day to 18,029.85; the S&P 500 closed 0.03% down to 2,099.68; while the Nasdaq Composite broke above the 4,900 level after rising 0.14% to 4,906.36. Small caps in the figure of the Russell 2000 jumped 0.24% to 1,227.95.

In big caps, winners were Mitsubishi $MTU (+3.11%), Toyota $TM (+1.57%), and Facebook $FB (+1.47%). Losers were Exxon Mobil $XOM (-2.19%), Bank of America $BAC (-1.98%), and Chevron $CVX (-1.74%).

FOMC minutes throw water over certainty of a June hike - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that there were plenty of fundamental facts able to move the market this Wednesday, but the markets showed little reaction until late in the US afternoon, when the FOMC released the Minutes of its latest meeting.
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