Wall Street sharply lower amid rate hike bets, fall in oil

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 rate hike in June or July is a reasonable expectation. Crude oil prices fell more than 2 percent on Thursday as the dollar's surge on rate hike expectations drove players from