Why U.S. Stocks Are Trading Higher Ahead Of Fed Minutes
U.S. stocks traded slightly higher this morning, with the Dow Jones gaining more than 50 points on Wednesday. Investors are awaiting minutes from the recent Federal Reserve meeting. The Dow traded up 0.18% to 31,024.03 while the NASDAQ rose 0.27% to 11,352.46. The SP also rose, gaining, 0.20% to 3,838.99. Also check this: Markets Looking For Recession-Related Comments From Fed, Here''s The Major Macro Issues For Wednesday Leading and Lagging Sectors Real estate shares rose by 1% on Wednesday. Meanwhile, top gainers in the sector included Clipper Realty Inc. (NYSE: CLPR ), up 3% and Opendoor Technologies Inc. (NASDAQ: OPEN ) up 3%. In trading on Wednesday, energy shares dipped by 2.4%. Top Headline The ISM services PMI declined to 55.3 in June from 55.9 in the previous month, but still surpassed market estimates of 54.3. Equities Trading UP Resolute Forest Products Inc. (NYSE: RFP ) shares shot up 63% to $20.41 after The Paper Excellence Group announced an agreement to acquire the company.
Why U.S. Stocks Are Trading Higher Ahead Of Fed Minutes
U.S. stocks traded slightly higher this morning, with the Dow Jones gaining more than 50 points on Wednesday. Investors are awaiting minutes from the recent Federal Reserve meeting. The Dow traded up 0.18% to 31,024.03 while the NASDAQ rose 0.27% to 11,352.46. The SP also rose, gaining, 0.20% to 3,838.99. Also check this: Markets Looking For Recession-Related Comments From Fed, Here''s The Major Macro Issues For Wednesday Leading and Lagging Sectors Real estate shares rose by 1% on Wednesday. Meanwhile, top gainers in the sector included Clipper Realty Inc. (NYSE: CLPR ), up 3% and Opendoor Technologies Inc. (NASDAQ: OPEN ) up 3%. In trading on Wednesday, energy shares dipped by 2.4%. Top Headline The ISM services PMI declined to 55.3 in June from 55.9 in the previous month, but still surpassed market estimates of 54.3. Equities Trading UP Resolute Forest Products Inc. (NYSE: RFP ) shares shot up 63% to $20.41 after The Paper Excellence Group announced an agreement to acquire the company.