US shares end Wednesday’s session on higher note| MENAFN.COM

Wednesday, 30 November 2022 10:49 GMT

US shares end Wednesday’s session on higher note


(MENAFN) US shares ended with earnings on Wednesday, as the Federal Reserve's minutes from its most recent gathering eased stockholders’ fears around additional rate rises.

The Dow Jones surged nearly 96 points, or 0.28 percent, to end at 34,194. The S&P 500 gained 23 points, or 0.59 percent, to 4,027.

The tech-heavy Nasdaq climbed 110 points, or 0.99 percent, to finish the session at 11,285.

The New York Stock Exchange and the Nasdaq are going to be shut on Thursday because of Thanksgiving. They are going to start on Friday at the regular opening hour 9.30 AM EDT but is going to end early at 1.00 PM EDT.

Stockholders have a positive outlook around the Fed's aggressive monetary tightening after minutes indicated that the central bank's officials talked about the station previously this month and that they are studying the idea of slowing the pace of rate rises.

"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," as said by minutes issued from the Fed's last monetary policy gathering on Nov. 1 - 2.

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