S&P 500 ends flat in wake of Fed minutes

[riky]

S&P 500 ends flat in wake of Fed minutes

<p><a href="http://news.yahoo.com/futures-dip-ahead-jobs-data-fed-minutes-125302753--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/zEOWO_Wcvczjyb0dSY6a7Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-08T210203Z_1_CBREA071MFH00_RTROPTP_2_USA.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York" align="left" title="Traders work on the floor of the New York Stock Exchange in the Manhattan borough of New York" border="0" /></a>By Chuck Mikolajczak NEW YORK (Reuters) - The S&amp;P 500 finished nearly flat on Wednesday as equity indexes had a muted reaction to the minutes from the U.S. Federal Reserve's most recent meeting, while Micron's strong results helped buoy the Nasdaq. Minutes of the Fed's December 17-18 meeting, after which the U.S. central bank announced its decision to begin trimming its monthly bond purchases, showed Fed officials were careful to tread lightly as they embarked on the tapering process. The Fed's accommodative policies were the main driver of the S&amp;P 500's rally of nearly 30 percent in 2013. If we get a 200,000 or north jobs report on Friday, it increases the likelihood, along with that improving data, the Fed continues its tapering process at the January meeting.&quot; Earlier in the session, a report by ADP, a payrolls processor, showed U.S. private-sector employers added 238,000 jobs in December, more than expected and the best read since November 2012, while November 2013 numbers were revised higher.</p><br clear="all"/>

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