Pursuits
U.S. Stocks Little Changed Amid Airlines Selloff, Fed Patience
FOMC Minutes: Many Members Saw June Rate Rise as Unlikely
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U.S. stocks closed little changed, with the Standard & Poor’s 500 Index slipping for a second day, as a selloff in airlines offset Federal Reserve meeting minutes that showed officials in no hurry to raise interest rates.
Southwest Airlines Co. fell to a six-month low to pace a drop among air carriers. Lowe’s Cos. slid 4.6 percent after reporting first-quarter profit that trailed analysts’ estimates. Yahoo! Inc. climbed 4.4 percent after affirming plans to spin off a stake in Alibaba Group Holding Ltd. Cablevision Systems Corp. jumped 18 percent amid cable industry deal speculation.