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NEW YORK， May 23 (Xinhua) -- U.S. stocks ended mildly lower Monday after wavering in a tight range， as Wall Street digested comments from the U.S. Federal Reserve officials for clues on the timing of the next rate hike.
The Dow Jones Industrial Average fell 8.01 points， or 0.05 percent， to 17，492.93. The S&P 500 dipped 4.28 points， or 0.21 percent， to 2，048.04. The Nasdaq Composite Index inched down 3.78 points， or 0.08 percent， to 4，765.78.
Remarks from Fed officials indicated a rate hike sooner rather than later， which weighed on market sentiment.
San Francisco Fed President John Williams said on Monday that two-to-three rate hikes this year were reasonable and that inflation was on track to meet the Fed's goal of 2 percent in the next year or two， according to media reports.
St. Louis Federal Reserve President James Bullard， a voting member of the Federal Open Market Committee， echoed that a relatively tight labor market in the United States may put upward pressure on inflation， supporting the case for higher interest rates.
Analysts believed that the possibility of a June rate hike becomes higher after the release of the Federal Reserve's hawkish minutes from its April meeting.
On the economic front， the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index came in at 50.5 in May， missing market consensus of 51.0.
Let me tell you a story about a friend of mine, who started his life as a little country boy from Nigeria. He was very poor, as most in that country are, but he worked hard and managed to get through college and earn a degree as an Investment Analyst. I'll call him Eric, but that's not his real name.
He went to work for a company in his country that did business with many other countries, handling their investments in Nigeria and the neighboring area. One day a Russian client came into the office, and was introduced to Eric.
The Russian man had a question about a contract that was prepared for use in the USA. Eric looked over it, and in two minutes told the Russian man that the contract was terrible. After some discussion about this, the Russian was so taken with Eric's abilities that he offered him a job in the USA and paid. Cheap Wholesale Jerseys Cheap Jerseys Online Cheap Jerseys From China Cheap Throwback Jerseys Cheap Jerseys From China Cheap Hockey Jerseys China Cheap Football Jerseys From China Cheap Authentic Basketball Jerseys Cheap Baseball Jerseys Online Cheap College Jerseys China