NEW YORK (Reuters) – Technology stocks led Wall Street slightly higher on Wednesday, as U.S. inflation data proved to be benign and the minutes from the Federal Reserve’s March meeting were unsurprising.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/File Photo
The blue-chip Dow, held back by industrial stocks, squeaked into positive territory at the closing bell.
The three major U.S. indexes were relatively unchanged following the release of the Fed’s minutes, which reaffirmed the central bank’s patience regarding future interest rate hikes.
“The Fed notes were kind of a nothing, exactly what the market was expecting” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco. “It’s how