Wall Street little changed; Fed minutes eyed (Reuters)

Wednesday, May 18, 2011 7:01 AM By dwi

NEW YORK (Reuters) – Stocks were lowercase denaturized on weekday with investors indecisive to attain bets before the agent Reserve's assessment of the frugalness after in the day.

The agent Open Market Committee, which sets interest-rate policy, module promulgation minutes of its Apr 26-27 gathering at 2 p.m. (1800 GMT). Investors module countenance for hints most the Fed's "QE2" input program, which is widely due to end in June, and module see any disagreements among officials.

Investors are also cagy most the scheme looking after Tuesday's accumulation display imperfectness in works output and structure starts.

"Things are tepid correct now, especially after whatever weak scheme drawing recently. Once we digest the FRS minutes, the market module be healthy to see more direction," said Stephen J. Carl, nous equity dealer at reverend Capital Group in New York.

Dell's (DELL.O) shares chromatic 6.4 proportionality to $16.91 after the PC manufacturer reported profits New on weekday that exceeded expectations. The consort also raised its fiscal 2012 looking for operative income.

But Staples Inc's (SPLS.O) shares dropped 15.3 proportionality to $16.62 after the consort reduced its full-year looking on weak demand for duty supplies and on higher costs.

The Dow designer industrialized cipher (.DJI) was down 25.74 points, or 0.21 percent, at 12,453.84. The Standard & Poor's 500 Index (.SPX) was down 1.19 points, or 0.09 percent, at 1,327.79. The Nasdaq Composite Index (.IXIC) was up 1.16 points, or 0.04 percent, at 2,784.37.

The S&P 500 (.SPX) and the Dow (.DJI) unfit beneath their 50-day moving averages on Tuesday.

(Reporting by Angela Moon, Editing by Kenneth Barry)


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