[fm]: Stocks log a modest gain as Fed minutes point to a hike

Stocks finished marginally higher Wednesday, paring earlier losses following minutes from the Federal Open Market Committee’s July meeting, which suggested that a rate hike might be in the offing. Investors, however, seemed to read the hawkish Fed as advocating a go-slow approach to ending monetary policies that have been accommodating to stocks. 

The Dow Jones Industrial Average rose 20 points, or 0.1%, to close at 18,572, the S&P 500 index finished up about 4 points, or 0.2%, at 2,182, while the Nasdaq Composite Index ended near break-even, but in the green, at 5,228. Among companies, Urban Outfitters Inc. surged 15%, after its second-quarter profit margin improved.



By: MarketWatch.

Photo: Investopedia.

Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.

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