Stocks end higher after Fed signals slower rate hike pace

  • Stocks end higher after Fed signals slower rate hike pace

    All three of the major U.S. averages rose on Wednesday after the minutes of the Federal Reserve's October meeting showed policymakers foresee a slowing of future rate hikes. Consumer discretionary names led the gains while energy lagged after oil fell 3.7% to $77.94 per barrel. Financial markets are closed for Thanksgiving and on Friday the stock market will close at 1pm ET.

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