Don’t miss the latest developments in business and finance.

Wall Street ticks up as Fed seen split on rate hike

Image
Reuters NEW YORK
Last Updated : Aug 18 2016 | 1:48 AM IST

NEW YORK (Reuters) - U.S. stocks ended slightly higher on Wednesday after minutes from the Federal Reserve's July policy meeting showed voting members divided over whether to raise interest rates soon.

The Dow Jones industrial average rose 21.92 points, or 0.12 percent, to 18,573.94, the S&P 500 gained 4.07 points, or 0.19 percent, to 2,182.22 and the Nasdaq Composite added 1.55 points, or 0.03 percent, to 5,228.66.

The divided Fed view contrasted with comments from the head of the New York Fed on Tuesday that hinted to the possibility of a rate hike as soon as next month.

(Reporting by Rodrigo Campos; Editing by James Dalgleish)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 18 2016 | 1:43 AM IST

Next Story