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Wall Street dips after record with eyes on Fed minutes

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19 Nov 2014 10:54 #224380 by chairman
(Reuters) - U.S. stocks fell on Wednesday, following record closing highs on the S&P 500 and Dow in the previous session, ahead of minutes from the most recent Federal Reserve policy meeting.

The Fed is set to publish minutes from the Federal Open Market Committee's October policy meeting at 2:00 p.m. EST (1900 GMT). They are expected to show the Fed's path is diverging from other major central banks that are increasing their stimulus programs. This view has helped strengthen the U.S. dollar, weighing on crude oil and other commodity prices.

"I can understand the market being a bit jittery here after making a new high and pausing ahead of the Fed minutes," said Paul Zemsky, chief investment officer of Multi-Asset Strategies and Solutions at Voya Investment Management.

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