As traders anticipated the minutes from the Federal Reserve’s most recent policy meeting, hoping to gain more clarity on the possibility of an interest rate reduction, stocks saw a minor increase on Wednesday.
78 points, or 0.2%, were added to the Dow Jones Industrial Average. Nasdaq Composite and S&P 500 both saw 0.2% increases.
With the release of fiscal second quarter profits that beat Wall Street’s projections, Target saw a more than 15% increase in value. However, due to a revised full-year sales estimate, rival shop Macy’s saw a more than 12% decline.
Source (CNBC)
