Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday, ahead of the r...
- Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday, ahead of the release of the Federal Reserve’s minutes from its latest policy meeting, while a drop in Boeing shares kept the Dow lower.
The report backed the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates. The central bank will release minutes from its March meeting at 2:00 p.m. ET that will give an insight into the Fed’s thinking behind its move to suspend rate hikes this year. Industrial stocks were down 0.25%, as Boeing Co shares continued to weigh after the company on Tuesday reported zero new orders for its 737 MAX jet following a worldwide grounding of the aircraft in March. Its shares were down 1.1%.
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