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Wall Street shares seen lower after Fed minutes

Last updated: 20:59 07 Apr 2016 AEST, First published: 15:59 07 Apr 2016 AEST

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Futures trading shows Wall Street shares opening lower on Thursday after rising convincingly on Wednesday.

The benchmark Dow closed up 112 at 17,716; S&P finished 21 higher at 2,066 and the tech heavy finished 76 up at 4,920 as a shock fall in US inventories fuelled a jump by oil futures and energy stocks, and harsh Fed rate minutes were sidelined.

Today, however, Dow futures are down 92, S&P500 is down 12.5, while the Nasdaq is 25 lower.

Spot US crude is down today a fraction - at US%37.73 a barrel, down 0.03%. while futures for May delivery were now broadly flat.

Investors are now also digesting then release of Fed meeting minutes last night, which indicated a split committee - which according to analysts means a US interest rate rise is unlikely in April. Thus the cautious stance on monetary policy looks set to continue, which has its fans and detractors alike.

In corporate news today, Yahoo (NASDAQ:YAHOO) is under the spotlight following a Re/code report. Electric car maker Tesla (NASDQ:TSLA) is also in the frame as Elon Musk promised to reveal  latest orders for the new Model 3 electric car. 

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