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US Stocks Rise as Fed Minutes Boost Sentiment: Markets Wrap

  • Some investors took a dovish message from the released minutes
  • They’re are also digesting a bevy of data on Wednesday
Bloomberg business news
Morgan Stanley Sees Early Fed Pause Among 2023 ExpectationsSource: Bloomberg
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US stocks ended Wednesday’s session higher after the Federal Reserve’s latest meeting minutes showed most officials backing slowing the pace of interest-rate hikes soon. 

The S&P 500 and the Nasdaq 100 notched gains for a second straight session. Treasuries rallied, with the benchmark 10-year yield around 3.69%. Wall Street’s fear gauge, the Cboe Volatility Index, fell to its lowest level in more than three months. US stock and bond markets will be closed on Thursday for the Thanksgiving holiday.