Stocks rose on Wall Street after the release of minutes from the Federal Reserve’s latest meeting that showed Fed officials agreed that smaller rate hikes were likely to be appropriate “in the near term.”
The S&P 500 rose 0.6% on Wednesday, the Nasdaq added 1% and the Dow rose 0.3%.
Deere rose after the equipment maker reported better-than-expected earnings. Long-term Treasury yields were slightly lower. Oil prices fell, with European markets closing mostly higher and Asian markets closing mixed. US markets will be closed on Thursday for Thanksgiving and will close early on Friday.
The S&P 500 rose 23.68 points, or 0.6%, to 4,027.26.
The Dow Jones Industrial Average rose 95.96 points, or 0.3%, to 34,194.06.
The Nasdaq rose 110.91 points, or 1%, to 11,285.32.
The Russell 2000 index of smaller companies rose 3.08 points, or 0.2%, to 1,863.52.
In a week:
The S&P 500 index rose 61.92 points, or 1.6%.
The Dow rose 448.37 points, or 1.3%.
The Nasdaq rose 139.25 points, or 1.2%.
The Russell 2000 rose 13.79 points, or 0.7%.
During the year:
The S&P 500 index fell 738.92 points, or 15.5%.
The Dow fell 2,144.24 points, or 5.9%.
The Nasdaq fell 4,359.65 points, or 27.9%.
The Russell 2000 fell 381.80 points, or 17%.