LIVE MARKETS-US stocks pare losses after Fed minutes
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US STOCKS PARE LOSSES AFTER FED MINUTES
Major U.S. stock indexes trimmed losses on Wednesday following the release of minutes from last month's Federal Reserve meeting.
The Nasdaq .IXIC briefly became positive on the day before turning negative again. The technology sector .SPLRCT is now the top gainer on the S&P 500 .SPX. Tech is last up more than 1%.
Minutes of the June 16 to 17 meeting showed on Wednesday that while the broader debate on inflation and rates seemed evenly divided, "most participants" saw scenarios in which inflation would fall towards the Fed's 2% target on its own, and "most" also saw situations where it would remain high.
"Almost all" of that group considered a rate increase as necessary if that occurred. At the end, "all participants" supported holding rates steady.
It was the first meeting led by new Fed Chair Kevin Warsh.
Investors have been worried about higher oil prices since the start of the U.S.-Israeli war on Iran.
Here is the latest market snapshot:

(Caroline Valetkevitch)
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EARLIER ON LIVE MARKETS:
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OIL, NOT DEFENCE, IS THE IRAN TRADE - FOR NOW CLICK HERE
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DATA CENTRES IN SPACE: SPOTTING THE WINNERS CLICK HERE
ENERGY STOCKS GAIN, THE REST STRUGGLE CLICK HERE
EUROPE BEFORE THE BELL: EYES ON THE GULF AGAIN CLICK HERE
CEASEFIRE? WHAT CEASEFIRE? CLICK HERE
