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Dow books fourth straight day of gains as all three major stock benchmarks end higher

39860 dow books fourth straight day of gains as all three major stock benchmarks end higher

All three major U.S. stock benchmarks ended higher Wednesday, with the technology-laden Nasdaq Composite leading the way up as investors digested minutes of the Federal Reserve’s policy meeting in early May. The Dow Jones Industrial Average DJIA, +0.60% closed about 0.6% higher, while the S&P 500 SPX, +0.95% gained around 1% and the Nasdaq Composite COMP, +1.51% climbed 1.5%, according to preliminary FactSet data. The Fed’s meeting minutes, released Wednesday afternoon, showed that most officials “judged” that raising the central bank’s benchmark interest rate by a half-point at the next couple of meetings would “likely be appropriate.” The Dow booked a fourth straight day of gains for the first time since late March, according to Dow Jones Market Data.

Source: Marketwatch

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