S&P 500 Erases Loss as Fed Minutes Show Stimulus Support

The Standard & Poor’s 500 Index erased earlier losses as minutes from the Federal Reserve’s last meeting showed many policy makers favored more stimulus soon.

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Mark Luschini, chief investment strategist at Janney Montgomery Scott LLC, talks about the outlook for the U.S. equity markets and the effects of central bank policy. He speaks with Stephanie Ruhle and Erik Schatzker on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)

The S&P 500 (SPX) rose less than 0.1 percent to 1,413.41 at 4 p.m. in New York, after dropping as much as 0.5 percent earlier. The benchmark gauge for U.S. stocks briefly topped a four-year high yesterday. The Dow Jones Industrial Average lost 30.82 points, or 0.2 percent, to 13,172.76 today.

“The Fed minutes point slightly more in the direction of QE,