US stocks edge back up after Fed releases minutes of January meeting
Safer bets like the benchmark 10-year Treasury notes remain unchanged
By Yashasvini Razdan
Published - Feb 16, 2022, 10:29 PM ET
Last Updated - Nov 06, 2023, 02:37 AM EST
• Dow Jones Industrial Average rose 24 points, or 0.1%, to around 35,009
• The Fed’s document reiterated support for a swift interest rate hike
U.S. stock benchmarks rose slightly on Wednesday, following the release of the minutes of the Federal Reserve’s January meeting, after recouping the losses made earlier during the day due to the escalating tensions between Russia and Ukraine.
The S&P 500 moved up 11 points, or 0.2%, to 4,481, flipping positive in afternoon trade. The Dow Jones Industrial Average rose 24 points, or 0.1%, to around 35,009, while the Nasdaq Composite Index picked up 13 points, or 0.1%, to around 14,153.
