S&P 500 ends 0.3% higher, Nasdaq up 0.6%

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U.S. stocks end with slight gains after Fed minutes reassure on inflation

U.S. stocks closed modestly higher on Wednesday, after commentary from the Federal Reserve suggested the U.S. central bank was maintaining a calm attitude toward inflation. The Dow Jones Industrial Average rose 0.2% to 24,884. The S&P 500 added 0.3% to 2,733. The Nasdaq Composite Index gained 0.6% to 7,426. Minutes from the Federal Reserve’s May 2 meeting confirmed that policy makers supported a June rate increase, but that they wouldn’t be too aggressive with raising interest rates, suggesting the inflation outlook wasn’t severe. The comments offset ongoing uncertainty surrounding both trade policy and other geopolitical issues. Among the day’s most active stocks, Target Corp. fell 5.3% after its results, while General Electric Co. tumbled 7.3% after comments from its chief executive.

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