Business
Stocks Are Rising Ahead of Fed Minutes
The stock market on Wednesday opened up in a position to build on the prior session’s modest gains.
The Dow Jones Industrial Average rallied 329 points, or 0.7%. The S&P 500 was up 0.8%. The Nasdaq Composite was up 1.2%.
Minutes from the Federal Open Market Committee’s January meeting will be released at 2 p.m. ET. Data earlier in the morning including durable goods, building permits, and housing starts topped expectations, according to FactSet.