US blue-chip stocks dip as FOMC hints at more hikes

Newswire

(Updates to close) By Scott Malone NEW YORK, May 24 (Reuters) - U.S. blue-chip stocks closed slightly lower on Tuesday, after Federal Open Market Committee minutes gave no sign when the central bank would ease its campaign of interest-rate hikes. But the Nasdaq rose, continuing its longest rally in more than five years. Major decliners included Dow component General Motors Corp. , after Fitch Ratings cut its debt to junk, and Dillard's Inc., the biggest percentage loser in the S&P ...

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