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US stocks rise after Federal Reserve minutes

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NEW YORK: Wall Street stocks finished higher on Wednesday (Apr 10) after Federal Reserve meeting minutes suggested no shift in the central bank's ...

The Dow Jones Industrial Average eked out a modest gain of 6.58 points at 26,157.16.The broad-based S&P 500 advanced 10.01 points to 2,888.21, while the tech-rich Nasdaq Composite Index jumped 54.97 points to 7,964.24.

Minutes from the Fed's Mar 19-20 meeting showed most policy makers believed the central bank should leave US interest rates untouched for all of 2019, citing economic risks brewing abroad. The minutes fleshed out the bank's decision at the March meeting to remove a projection of any rate hikes this year. That sentiment was further buttressed by US data that showed limited consumer inflation in March.

 

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