S&P 500, NASDAQ Composite Edge Higher Despite Hawkish Fed Minutes
The S&P 500 and NASAQ Composite edged higher on Wednesday after the minutes from the Federal Reserve’s last meeting in December showed officials locked in on taming inflation even as policymakers agreed to slow their interest rate hiking pace.
On Wednesday, the blue chip Dow Jones Industrial Average settled at 33269.77, up 133.40 or +0.40%. The benchmark S&P 500 Index finished at 3852.97, up 28.83 or +0.75% and the technology-based NASDAQ Composite closed at 10458.76, up 71.78 or +0.69%.
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