Dow ends up nearly 200 points, Nasdaq rallies 1.5% after Fed minutes


All three major U.S. stock benchmarks ended higher Wednesday, with the technology-laden Nasdaq Composite leading the way up as investors digested minutes of the Federal Reserve’s policy meeting in early May. The Dow Jones Industrial Average DJIA, +0.60% closed about 0.6% higher, while the S&P 500 SPX, +0.95% gained around 1% and the Nasdaq Composite COMP, +1.51% climbed 1.5%, according to preliminary FactSet data. The Fed’s meeting minutes, released Wednesday afternoon, showed that most officials “judged” that raising the central bank’s benchmark interest rate by a half-point at the next couple of meetings would “likely be appropriate.” The Dow booked a fourth straight day of gains for the first time since late March, according to Dow Jones Market Data.

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