Stocks Gain Ground on Wall Street Ahead of US Holiday

Stocks Gain Ground on Wall Street Ahead of US Holiday
The New York Stock Exchange in New York on June 29, 2022. Julia Nikhinson/AP Photo
The Associated Press
Updated:

Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.”

The S&P 500 rose 0.6 percent, while the Dow Jones Industrial Average gained 0.3 percent. The Nasdaq composite closed 1 percent higher.