Stocks slipped for the fourth day in a row, after the Fed minutes offered no new hints that another round of quantitative easing would be coming anytime soon. Investors also continued to digest the latest moves out of Europe. Yields for Spanish 10-year bonds, which have hovered around the perilous 7% level in recent weeks, fell to 6.59% Wednesday. The U.S. trade deficit stood at $48.7 billion in May, coming in just slightly below expectations. The implied volatility little changed.
