Stocks Close Higher After Fed Minutes Signal More Rate Hikes Coming

(New York, NY) — Wall Street is closing with stocks higher after the release of the minutes from the Federal Reserve’s last meeting hinted at more rate hikes. The minutes also signaled the Fed will hold higher rates in place until data proves inflation has cooled. Investors will now look for Friday’s jobs report to gauge how the economy is doing with the rate hikes. At the closing bell, the Dow Jones Industrial Average gained 133 points to 33-269. The S&P 500 rose 28 points to 38-52. The Nasdaq jumped 71 points to 10-458.