U.S. Stocks Trim Losses After Fed Minutes

MarketWatch Pulse

U.S. stocks pared losses and were pushing higher after minutes of the latest Federal Open Market Committee meeting revealed that policy makers debated what to say to markets about the pace of coming rate hikes. Minutes from the October meeting released Wednesday, suggest the central bank still believes it is on track to hike rates next year despite low inflation and a weak global economic outlook. The S&P 500 was flat at 2,050.91. The Dow Jones Industrial Average rebounded and was 15 points or 0.1% higher at 17,702, The Nasdaq Composite was still down 13 points, or 0.3%, at 4,688.

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