Stocks closed slightly higher in choppy trading Wednesday as Wall Street tried to interpret a release from the Federal Reserve which summarized its crucial meeting last month where the central bank indicated it would be patient on future rate hikes.
The Nasdaq Composite ended the day just above the flatline at 7,489.07 to notch its eight consecutive gain. The Dow Jones Industrial Average rose 63.12 points to 25,954.44. The S&P 500 closed 0.2 percent higher at 2,784.70. Equities gyrated following the Fed's release, with the S&P 500 and Dow reaching their highs of the day.
The Fed meeting minutes highlighted downside risks to the economy from its January meeting, including "the possibilities of a sharper-than-expected slowdown in global economic growth, particularly in China and Europe, a rapid waning of fiscal policy stimulus, or a further tightening of financial market conditions."
Source : CNBC