U.S. blue chips slip on GM downgrade, Fed in focus

Newswire

(Updates to early afternoon) By Anupama Chandrasekaran NEW YORK, May 24 (Reuters) - U.S. blue-chip stocks fell on Tuesday, pulled lower by General Motors Corp. , which dropped after Fitch Ratings cut the debt ratings of the world's largest auto maker to junk status. GM slid 3.1 percent to $31.58 and was the Dow's biggest percentage loser. [nWNA1712] Investors were also focused on the Federal Reserve's minutes to be released later this afternoon, which could signal the future pace for ...

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