WALL STREET’S MAJOR INDEXES CLOSED HIGHER – Fed minutes show caution among policymakers that help fuel investor hopes that rates would stay steady
Wall Street’s major indexes closed higher after Wednesday’s (October 11) choppy session with the release of minutes from the U.S. Federal Reserve’s last meeting showing caution among policymakers that helped fuel investor hopes that rates would stay steady.
The Fed pointed to uncertainties around the economy, oil prices, and financial markets as supporting “the case for proceeding carefully in determining the extent of additional policy firming that may be appropriate,” according to the minutes released on Wednesday from the Sept. 19-20 meeting.
The S&P 500 gained 18.71 points, or 0.43%, to end at 4,376.95 points, while the Nasdaq Composite gained 96.83 points, or 0.71%, to 13,659.68.
The Dow Jones Industrial Average rose 65.57 points, or 0.19%, to 33,804.87.