New York - Petroleum-linked shares fell on Wednesday on lower oil prices, pressuring US stocks, as the Federal Reserve minutes showed officials expect to hike interest rates "fairly soon."
The Dow Jones Industrial Average ended up 0.2% to 20 775 60, a fresh record.
The broad-based S&P 500 slipped 0.1% at 2 362.82, and the tech-rich Nasdaq Composite Index also shed 0.1% to 5 860.63.
All three indices finished at records on Tuesday.
Fed officials said their outlook for the economy and interest rates had not changed much since December, when they indicated three rate hikes were likely this year.
However, officials cited "heightened uncertainty" about possible US policies that could lift inflation, hastening the need for rate hikes.
Analysts said the minutes contained no bombshells and continued to imply a policy of gradual rate increases in 2017.
Petroleum producers were weak, with ConocoPhillips dropping 2.2%, and Chevron, EOG and Apache all down more than 1%.
DuPont and Dow Chemical both jumped more than three percent on reports the European Union could as soon as March approve their proposed merger.
Garmin, which makes information devices for fitness and navigation purposes, jumped 7.3% after reporting a 10.2% increase in fourth-quarter sales to $860.8m.
Norwegian Cruise Line gained 7.1% after reporting that fourth-quarter net income rose 89% to $72.2m following the addition of new voyages.
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