Wall Street climbs ahead of Fed's minutes

Economies.com
2022-11-23 15:35PM UTC

US stock indices rose on Wednesday after a batch of data and ahead of the Federal Reserve's meeting minutes. 

 

As of 19:00 GMT, the Federal Reserve will release the minutes of the November 1-2 meeting, at which policy makers voted to increase interest rates by 75 basis points for the fourth time in a row to 4%, the highest since December 2007.

 

US durable goods orders rose 1% in October, beating estimates of 0.4%, and up from 0.3% in the previous reading.

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US unemployment claims rose to 240 thousand in the week ending November 19, missing estimates of 225 thousand, and up sharply from the previous reading's 223 thousand. 

 

As of 15:33 GMT, Dow Jones rose 0.3%, or 115 points to 34,214, while S&P 500 rose 0.6%, or 22 points to 4,026, as NASDAQ shed 1%, or 112 points to 11,286. 

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