U.S. stocks were little changed on Wednesday as investors awaited the release of minutes from the Federal Reserve’s March meeting on monetary policy.Losses were limited by a 2 percent rise in crude oil, which propped up energy stocks.Investors, who have been grappling with mixed signals on interest rates from Fed officials, will parse the minutes to gain insight into the central bank’s thinking on the economy. The minutes are due at 2 p.m. ET (1600 GMT).
While Fed Chair Janet Yellen has taken a cautious stance, some officials have supported an aggressive plan to raise rates as data points to resilience in the U.S. economy.
“The market is back to its original conundrum, which is ‘where is the growth?,\\\'” said Kevin Caron, market strategist at Stifel, Nicolaus & Co in Florham Park, New Jersey.
Caron, who expects the stock market to remain choppy, said there were still some lingering concerns about global growth and weak expectations for corporate earnings.A recent rally – sparked by rising oil, strength in the economy and a cautious Fed – helped stocks recover from a steep selloff that had sent the S&P 500 down more than 10 percent earlier this year. The S&P 500 closed flat for 2016 on Tuesday.Several Fed officials are slated to speak on Wednesday, including Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard. Both are voting members of the rate-setting Federal Open Market Committee.
At 9:38 a.m. ET the Dow Jones industrial average was down 24.1 points, or 0.14 percent, at 17,579.22, the S&P 500 was down 0.1 points, or 0 percent, at 2,045.07 and the Nasdaq Composite was up 7.82 points, or 0.16 percent, at 4,851.76.
Six of the 10 major S&P sectors were lower. The S&P telecoms sector was down 1.34 percent, while industrial stocks were off 0.52 percent.
Cree shares sank 16 percent to $24.39 after the LED maker forecast third-quarter results below analysts’ estimates.Constellation Brands rose 4.3 percent to $157.30 after reporting higher-than-expected quarterly sales.
Advancing issues outnumbered decliners on the NYSE by 1,702 to 840. On the Nasdaq, 1,361 issues rose and 751 fell.The S&P 500 index showed two new 52-week highs and no new lows, while the Nasdaq recorded nine new highs and one new low.
Trump Winging This Entire Election
Donald Trump is \\\"winging this entire election,\\\" and doesn\\\'t think through much of what he says, including his controversial statement Wednesday night about punishing women who have had abortions should they become illegal, conservative talk show host Glenn Beck told CNN\\\'s Don Lemon Wednesday night. \\\"He doesn\\\'t mean what he says. He means it at the moment.\\\"And that stretches to the rest of the election and many of the \\\"anti-women things\\\" Trump has said, Beck, who has opposed the front-runner\\\'s campaign for some time, told Lemon. \\\"I don\\\'t think Donald Trump\\\'s thought about any of these things,\\\" said Beck. \\\"He\\\'s said recently the reason he\\\'s made so many anti-women things is because, \\\'he didn\\\'t think of running for president so he didn\\\'t think this way.\\\' He didn\\\'t think these things through.\\\"
But that is a \\\"lie,\\\" said Beck, as Trump has \\\"been talking about running for president since like 1988. He has opinion[s] thinking about running for president. He just has put no actual thought into any of these. I don\\\'t take any of his policies as real at all.\\\"Beck, though, told Lemon that he is not sure if Trump\\\'s statements will give Democrats room to gain more ground with women voters, because he doesn\\\'t \\\"think he\\\'s going to be the candidate in the first place.\\\"
\\\"If he is the candidate, it\\\'s going to be the biggest blood bath of the GOP of all time,\\\" said Beck. \\\"Mark my words. I believe that Hillary Clinton will run the board like [Ronald] Reagan did with [Walter] Mondale. I think by the time Donald Trump gets to the general, he\\\'ll be so badly wounded.\\\"Further, said Beck, Trump\\\'s unfavorability ratings are \\\"unlike anything we\\\'ve ever seen at any time in history.\\\"
Beck also commented on a new Marquette University Law School poll that shows Texas Sen. Ted Cruz leading Trump by 10 points, saying the new numbers could be becasue people are \\\"waking up and they\\\'re seeing what Donald Trump is all about.\\\"He also called the situation with Trump campaign spokesman Corey Lewandowski, who turned himself in to police in Jupiter, Florida earlier on charges of assault filed by former Breitbart News reporter Michelle Fields a \\\"nightmare.\\\"
Civil War in UK Govt as Anti EU Minister Who Quit Speaks out
A top British eurosceptic minister who quit over welfare cuts launched a damaging attack on Prime Minister David Cameron Sunday, exposing tensions within his government ahead of June\\\'s referendum on EU membership.
In his first interview since resigning Friday, Iain Duncan Smith accused Cameron of trying to reduce Britain\\\'s budget deficit through benefit cuts which were unfairly hurting poorer voters while protecting older, richer ones.Duncan Smith, who last month became one of the most prominent Conservatives to say he would campaign against Cameron for Britain to leave the EU on June 23, denied his shock resignation was about Europe.
But he admitted that Cameron and his finance minister and close ally George Osborne had stopped listening to him.\\\"This is not some secondary attempt to attack the prime minister or about Europe,\\\" Duncan Smith said in a BBC television interview, adding he quit because he was \\\"losing that ability to influence events from the inside\\\".
The resignation of Duncan Smith -- a former Conservative leader often referred to simply by his three initials, IDS -- is perhaps the biggest blow Cameron has suffered since being re-elected last year.
It comes just three months ahead of the referendum on EU membership on June 23 which opinion polls suggest will be closely fought.In his resignation letter, he questioned whether Cameron was honouring his slogan that Britons were \\\"all in this together\\\", despite deep austerity cuts including £1.3 billion (1.2 billion euros, $1.4 billion) axed from annual disability welfare.Meanwhile, a furious Cameron called Duncan Smith a four-letter word in a phone call to discuss the resignation, describing him as \\\"dishonourable\\\", the Mail on Sunday reported.
Ministers in Cameron\\\'s government argued publicly Sunday about whether Duncan Smith\\\'s resignation was a principled stand against benefit cuts or a eurosceptic plot to undermine the premier.Pensions Minister Ros Altmann, who served under Duncan Smith, released a statement saying she was baffled by his decision to quit after Downing Street had already said it would rethink the cuts he was objecting to.
Hiring In April At Slowest Pace In Nearly Two Years
The pace of hiring by U.S. employers slowed to near a two-year low in April, pushing up job openings in a potential sign that firms are having a hard time finding workers.The Labor Department said on Wednesday in its monthly Job Openings and Labor Turnover Survey, or JOLTS, that the rate of hiring fell to 3.5 percent from 3.7 percent in March. That was the slowest rate since August 2014.Job openings, a measure of labor demand, increased 118,000 to a seasonally adjusted 5.79 million, the highest number since last July. The job openings rate rose to 3.9 percent.
Republicans Want a Confident America
Republicans are calling for a \\\"confident America,\\\" and believe in empowering people to live out their dreams, Oklahoma State Rep. Lisa Johnson-Billy said in Saturday\\\'s GOP address while sharing her personal life as an example of the importance of expanding opportunity for all Americans. \\\"When government fulfills its responsibilities, that’s what allows the people to create opportunity — the opportunity to learn more, to find a job, to start a business,\\\" Johnson-Billy said Saturday. \\\"What opportunity ignites is hope. That’s what pushes people through difficult times\\\" Johnson-Billy, a member of the Chickasaw and Choctaw tribes, is the first Native American, woman, and Republican to serve her district in Oklahoma, and explained that she was born in Purcell, Oklahoma and grew up on a small farm where she learned the value of hard work and to be grateful for the country she and her family lived in.
\\\"The reason my parents could make a second income on that farm is that this is a country where taking responsibility is rewarded,\\\" she said. \\\"We had a government that kept the streets safe, protected what we earned, and fostered opportunity for all. We had a government that understood there’s nothing more fulfilling than when you can provide for your family—and feel that sense of accomplishment.\\\"
Special: Barb Walters Reveals Her New Look- Shocks Dr. Oz And The View
Johnson-Billy served two terms in the Chickasaw Nation Legislature with her father before she was elected to the state house, where she is a floor leader. She is also a wife of a veterans and a mother of three, with her oldest in the U.S. Arm, \\\'so this is not some abstraction for me. I know that a lot of Americans don\\\'t\\\' feel confident about the future.\\\"
വായനക്കാരുടെ അഭിപ്രായങ്ങള് താഴെ എഴുതാവുന്നതാണ്.
ദയവായി അവഹേളനപരവും വ്യക്തിപരമായ അധിക്ഷേപങ്ങളും അശ്ളീല പദപ്രയോഗങ്ങളും ഒഴിവാക്കുക.
വായനക്കാരുടെ അഭിപ്രായ പ്രകടനങ്ങള്ക്കോ അധിക്ഷേപങ്ങള്ക്കോ അശ്ളീല പദപ്രയോഗങ്ങള്ക്കോ 24ന്യൂസ്ലൈവ്.കോം , അമ്മത്തൊട്ടിൽ.കോം ഉത്തരവാദിയായിരിക്കില്ല.