US stocks erased earlier gains on Wednesday after the Federal Reserve released the minutes from its March meeting - hinting it might start trimming its balance sheet later in the year.

Big banks weighed on the US stock market, tugging major indexes back from record highs.

The planned merger of Fyffes with its US banana-producing rival, Chiquita Brands is still widely expected to succeed, with one analyst suggesting a deal could be concluded earlier than anticipated by the end of October.

Financial stocks dragged Wall Street lower today as traders worried that last week’s rally was overdone.

Stocks were narrowly mixed on Wall Street today, despite solid results from Johnson & Johnson and several banking companies.