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

By Anora MahmudovaMarketsMarketWatch Pulse

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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