S&P, Dow touch two-month lows as Fed hints at June rate hike

The S&P 500 and Dow touched two-month lows on Thursday, a day after hawkish comments from the Federal Reserve suggested interest rates could be hiked as early as June. Minutes of the Fed's April meeting, released on Wednesday, caught the market by surprise as they showed that most policymakers thought a June rate hike was appropriate, given continued improvement in the U.S. economy. New York Fed President William Dudley said on Thursday that June is definitely a "live" meeting and that a rat