Dow Ends Higher For Fifth Straight Session After Fed Minutes

By MarketWatch Pulse

The Dow Jones Industrial Average closed with gains for a fifth consecutive session, its longest winning streak this year. Broader markets climbed after the minutes from the Federal Reserve's latest policy meeting revealed that policy makers decided to hold off on a rate hike as many thought downside risk increased. The Dow Jones Industrial Average jumped 138.46 points, or 0.8%, to 17,050.75, closing above 17,000 for the first time since August. The S&P 500 added 17.60 points, or 0.9%, to 2,013.43, closing above its 50-day moving average. The Nasdaq Composite ended the day up 19.64 points, or 0.4%, at 4,810.79.

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