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US STOCKS SNAPSHOT-S&P, Nasdaq open at record highs after Fed minutes
May 25, 2017 / 1:33 PM / 6 months ago

US STOCKS SNAPSHOT-S&P, Nasdaq open at record highs after Fed minutes

May 25 (Reuters) - The S&P 500 and Nasdaq Composite opened at record highs on Thursday after minutes of the Federal Reserve’s latest meeting showed policymakers expected the economy to pick up momentum and that they would raise interest rates soon.

The Dow Jones Industrial Average rose 50.69 points, or 0.24 percent, to 21,063.11 and the S&P 500 gained 4.45 points, or 0.18 percent, to 2,408.84. The Nasdaq Composite added 19.02 points, or 0.31 percent, to 6,182.04.

Reporting by Tanya Agrawal in Bengaluru; Editing by Savio D'Souza

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