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Wall Street rises, Dow inches closer to 20,000

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Reuters NEW YORK
Last Updated : Jan 05 2017 | 2:48 AM IST

NEW YORK (Reuters) - U.S. shares ended higher on Wednesday after minutes from the Fed's December meeting showed policymakers were concerned that quicker economic growth under President-elect Donald Trump could require faster interest-rate increases to limit inflation.

The Dow Jones Industrial Average rose 60.4 points, or 0.3 percent, to 19,942.16, the S&P 500 gained 12.92 points, or 0.57 percent, to 2,270.75 and the Nasdaq Composite added 47.92 points, or 0.88 percent, to 5,477.01.

(Reporting by Noel Randewich; Editing by Nick Zieminski)

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First Published: Jan 05 2017 | 2:44 AM IST

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