MIDDAY LUNCH

Dow 10956.54  -17.01, Nasdaq 2432.51  +2.98, S&P 1187.61  +0.17 

Trading has been lackluster again today, with little corporate or economic data having the ability to move the market in either direction.

The Fed released the latest FOMC minutes.  The Fed's noted that extended period language does not limit ability to tighten policy promptly, and the "extended period" could last longer if economy worsens or inflation declines.  Federal Reserve officials also noted signs of a strengthening recovery that could be hobbled by high unemployment and tight credit, and some warned of raising rates too soon. The FOMC minutes stated that consumer spending in the first quarter seemed constrained and that inflation has shown a greater-than-expected decline.

The Treasury’s $40 billion auction of 3-year Notes drew a yield of nearly 1.78%, which was higher than many analysts had expected.