US stock indexes finished trading near zero, recovering after falling earlier in the session. The main attention was focused on the minutes of the meeting FOMC, which revealed that the members of the Committee on Open Market (FOMC) Federal Reserve have expressed doubts about the readiness to increase short-term interest rates in June 2015. Earlier it was reported that the Fed rate hike wants to be sure that the economic growth rate begin to increase, the unemployment rate to fall, and inflation - is gradually approaching the mark of 2%. Only a small part of the participants of the meeting expressed confidence that by June 2015 can achieve these conditions.
"I can not imagine how the Fed will raise rates, because this would lead to further strengthening of the dollar, - said the chief investment manager at Huntington Asset Management Randy Bateman. - We had a weak first quarter. We still have to contend with a strong dollar."
Also had little impact reports that the five major international banks to pay a fine for a total of more than $ 5 billion to settle claims of American regulators in the framework of the case of manipulating exchange rates. Four banks - JPMorgan Chase & Co., Barclays Plc, Royal Bank of Scotland Group Plc and Citigroup Inc - pleaded guilty to conspiring to manipulate currency. Fifth Bank - UBS AG - avoid confession: US Justice Department gave the bank a partial immunity, since he informed the authorities about violations. Nevertheless, UBS pleads guilty in manipulating LIBOR rate and pays a fine in this case.
In addition, oil prices rose moderately after falling more than 3% at the end of yesterday's session, which is associated with the publication of government data on stocks of petroleum products in the United States. US Department of Energy reported that in the week of May 9-15, the total volume of commercial oil inventories in the US fell by 2.7 million barrels to 482.2 million barrels. Analysts had expected a decline of stocks by 1.1 million barrels per day. US crude stocks falling for three consecutive weeks after the jump to a record high in April. Oil reserves in Cushing terminal fell by 241,000 barrels to 60.4 million barrels per day. Yesterday the American Petroleum Institute (API) reported that crude oil inventories in the US fell by 5.2 million barrels for the week ended May 15th. The Institute receives information from operators refinery, oil storage and pipelines on a voluntary basis.
Components of the index DOW closed mixed (17 against 13 in the red in the black). Outsider shares were JPMorgan Chase & Co. (JPM, -0.74%). Most remaining shares rose General Electric Company (GE, + 1.13%).
Sector S & P index finished trading mixed. Most of the health sector increased (+ 0.3%). Outsiders were conglomerates sector (-0.3%).
At the close:
Dow -0.15% 18,285.40 -26.99
Nasdaq + 0.03% 5,071.74 +1.71
S & P -0.09% 2,125.85 -1.98
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