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    Updated from 7:16 a.m. Here are 10 things you should know for Thursday, May 21: 1. -- U.S. stock futures were sinking Thursday as investors felt dissatisfied with the Federal Reserve's reticence about when it would raise rates, and as big banks paid huge fines for foreign exchange rate rigging.

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    - Yahoo Inc's (YHOO) planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on a tax-free basis, analysts said, as Yahoo (YHOO) shares regained most of their losses after concerns of a possible change in U.S. tax rules spurred a slide on Tuesday. The stock closed up $1.81 to $42.73 on the Nasdaq on Wednesday.

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    By Anora Mahmudova and Sara Sjolin, MarketWatch. Etsy shares tumble on earnings miss; Airline stocks slump. U.S. stocks ended Wednesday's choppy session slightly lower, as modest post-Fed-minutes gains evaporated by the close of the trading day.

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    Shares of L Brands Inc. (LB) are down by 1.57% to $87.31 in after-hours trading on Wednesday afternoon, following the release of the specialty retailer of women's intimate, other apparel, accessories, and beauty and personal care products' 2015 first quarter earnings results. The stock is also lower after the company provided weak outlook for the 2015 second quarter.

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    The Treasury market finished flat following a bout of choppy trading on the release of the minutes from the most recent Federal Reserve meeting. The minutes revealed that "few" Fed policy makers were inclined to raise interest rates in June, as it is "unlikely that the data available in June would provide sufficient" conditions for tightening. The minutes effectively took a June rate-hike off the table, but that "did not surprise the market", as most investors were already positioned...

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    Williams-Sonoma (WSM) shares are up 5.02% to $81.80 in after-hours trading on Wednesday after the e-commerce retailer reported its first quarter earnings results after the closing bell today.The San Francisco-based company reported first quarter net income of 48 cents per share, the same amount it reported in the year ago period, and 4 cents better than the 44 cents per share analysts at Zacks foreca...

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    opened virtually unchanged on Wednesday, as investors remained on the sidelines ahead of closely watched Federal Reserve minutes that could give clues to the timing of a first interest-rate hike. The S&P 500 opened flat at 2,127. The Dow Jones Industrial Average was off by 6 points at 18,305. The Nasdaq Composite began the session unchanged at 5,067.. (END) Dow Jones Newswires 05-20-15 1641 ET Copyright (c) 2015 Dow Jones& Company, Inc..

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    ended Wednesday's choppy session slightly lower, as modest post-Fed-minutes gains evaporated by the closing bell. Closely watched Federal Reserve minutes revealed that few officials were inclined to raise rates in June, confirming what markets had already priced in. The S&P 500 closed 1.98 points, or 0.1%, lower at 2,125.85.

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    * Minutes in line with interest rate expectations. * S&P briefly hits intraday record high. * Airlines down on expectations of lower passenger revenue. * Dow down 0.15 pct, S&P down 0.09 pct, Nasdaq up 0.03 pct. By Noel Randewich.

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    Shares of Salesforce.com (CRM) were gaining 3.5% to $72.61 after-hours Wednesday after the cloud software company beat analysts' estimates for earnings in the first quarter of fiscal 2016. Salesforce reported earnings of 16 cents a share for the first quarter, above analysts' estimates of 14 cents a share for the quarter.

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    The Federal Reserve has telegraphed that it is data-dependent and won't rush into a rate hike again and again. But Wall Street wanted more transparency from Fed Chair Janet Yellen and her crew on Wednesday after the minutes from the Fed's April meeting failed to give a clear sense of when a hike could occur.

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    * April FOMC minutes support view June rate hike unlikely * Greece debt concerns spurred earlier safety bids for bonds * Month-end portfolio buying raises bets for lower yields * Nearly $40 bln corporate bonds sold so far this week -IFR (Adds quote, updates market action after FOMC minutes) By Richard Leong NEW YORK, May 20 (Reuters) - U.S. Treasuries prices rose on Wednesday as the minutes from Federal Reserve's April policy meeting reinforced the view the central bank will likely leave interest rates near zero in June due to lingering concerns about the U.S. economy. Longer-dated bonds erased earlier losses that had been caused by worries that the Fed was possibly more determined to raise interest rates in June than previously thought. "Many participants, however, thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising (interest rates) had been satisfied," the minutes of the Federal Open Market Committee's April 28-29 meeting showed. Worries about an imminent rate increase had emerged even though a spate of U.S. data signaled a meek rebound following a likely economic contraction in the first quarter. Although a June rate hike now seems unlikely, the minutes did not dispel expectations for such a move later this year, capping the rise in Treasuries prices. Most top Wall Street firms forecast the Fed to begin raising rates by December. "They reserved the right to stand pat in the second quarter until they see further development," said Mike Lorizio, head of Treasuries trading at John Hancock Asset Management in Boston. Treasuries prices also improved due to a tapering in corporate bond supply. Companies had raised $38 billion in the bond market on Monday and Tuesday, according to IFR, a Thomson Reuters unit. On light trading volume, benchmark 10-year Treasuries were up 3/32 in price with a yield of 2.251 percent, down 1 basis point from late on Tuesday. The 30-year bond was down 8/32 in price after falling almost 1 point earlier. The 30-year yield was last 3.052 percent, up 1 basis point on the day but still below the 5-1/2 month peak of 3.128 percent seen last week. Prices of U.S. government debt, which fell during the past two sessions, had risen earlier on Wednesday in step with the European bond market, spurred by the European Central Bank's plan to accelerate its bond purchases in May and June, traders said. Concerns about Greece's ability to make a June 5 debt payment to the International Monetary Fund had briefly renewed safe-haven demand for Treasuries. Traders also pinned hopes for a further fall in yields from month-end portfolio buying tied to an expected adjustment of a widely-followed Treasuries market index that includes more longer-dated issues. (Editing by Paul Simao, Grant McCool and Nick Zieminski)

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    By Myra P. Saefong and William Watts, MarketWatch. Gold futures settled higher on Wednesday, then moved up in electronic trading to top $1,210 an ounce after minutes from the Federal Reserve Open Market Committee's April meeting showed that only a few officials expect an interest-rate hike in June. Gold for June delivery was at $1,211.10 an ounce in electronic trading on Globex after the minutes, after settling at $1,208.70 an ounce, up $2, or 0.2%, on Comex.

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    * Minutes in line with interest rate expectations. * Indexes: Dow down 0.06 pct, S&P up 0.03, Nasdaq up 0.15 pct. By Caroline Valetkevitch and Noel Randewich. U.S. stocks remained near flat on Wednesday as Wall Street saw little in the minutes from last month's Federal Reserve meeting to change expectations of when the central bank will raise interest rates.