(Updates with closing U.S. market activity; changes byline, dateline, previous LONDON) By Bernard Orr NEW YORK, May 24 (Reuters) - U.S. blue-chip stocks closed lower on Tuesday, as General Motors Corp. suffered after Fitch Ratings cut its debt to junk, while minutes from the Federal Reserve's last meeting revealed no big surprises for markets and pointed to more gradual interest rate hikes. Bonds rose as the Fed minutes offered little reason not to believe the central bank would raise ...
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