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U.S. stock indexes rise before Fed meeting minutes are released

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U.S. stock indexes

U.S. stock indexes are rising Wednesday as markets await the Federal Reserve’s (Fed) December policy meeting minutes, trading data showed.

The U.S. stock indices list looks as follows:

  • The Dow Jones Industrial Average is up 0.53 percent to 33,312.67 points;

  • The Nasdaq index of high-tech companies is up 0.52 percent, to 10,440.06 points;

  • S&P 500 broad market index, up 0.46%, to 3,841.4 points.

U.S. stock indexes expect to release the minutes of the U.S. Federal Reserve’s (Fed) December meeting later Wednesday. The document may contain signals on the regulator’s further monetary policy. According to the CMEGroup, 70.3% of experts expect the U.S. discount rate to rise another 0.25 percentage points in February, to 4.5-4.75% per year.

“There’s still a lot of developments ahead of us today that could potentially dampen the mood, most notably the minutes of the Fed’s December meeting,” Oanda Europe Ltd. Senior Market Analyst Craig Erlam told Bloomberg News Agency. Craig Erlam.

Also, investors are waiting for the publication of U.S. labor market data, scheduled for Friday. Analysts believe that the unemployment rate in December remained at the November level of 3.7%, while the number of the employed in the non-farm economy grew by 200K after an increase by 263K a month earlier.

Earlier, we reported that US stock indices were declining.

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