U.S. Stocks Close Mostly Higher As Fed Hints At Rate Hike 'soon'

U.S. stocks closed mostly higher Wednesday after minutes from the Federal Reserve's latest policy meeting underlined expectations for a possible rate hike in December. The S&P 500 gained 2.48 points, or 0.1%, to 2,139.21. The Dow Jones Industrial Average added 15.54 points, or 0.1%, to 18,144.20. However, a sharp selloff in biotechnology stocks weighed on the Nasdaq Composite with the index closing 7.77 points, or 0.2%, lower at 5,239.02.

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