Stocks pivot higher, paring losses after Fed minutes

U.S. stocks were trading mostly in the green Wednesday, after paring losses following the Federal Open Market Committee’s July meeting minutes, which suggested that the U.S. policy-setting committee members were inclined to hike rates sooner than later. However, investors appeared to dismiss the view that the central bank would hike rates as early as its next meeting in September. After paring losses immediately after the minutes were released at 2 p.m. Eastern Time, the S&P 500 index was trading flat at 2,180, the Dow Jones Industrial Average gained 20 points, or 0.1%, to 18,570, while the Nasdaq Composite Index was at break-even at 5,228.

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From:: Stock Market News

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