US STOCKS-S&P 500 edges lower after Fed minutes
July 11, 2012 Leave a Comment
* Fed leaves easing options open at June meeting
* Major tech shares lead declines
* Dow off 0.8 pct, S&P off 0.4 pct, Nasdaq off 1 pct
NEW YORK, July 11 (Reuters) – U.S. stocks fell on Wednesday as minutes from the last Federal Reserve meeting showed policymakers are open to the idea of providing more economic stimulus but that conditions might need to worsen for a consensus to build.
At its meeting in June, the Fed announced that it would buy an additional $267 billion in long-term bonds with proceeds from short-term notes but it didn’t embark on another round of quantitative easing to stimulate the economy.