U.S. stock indexes ended higher after the Federal Reserve's November meeting minutes showed interest rate hikes may slow soon
Trading volume was thin ahead of the Thanksgiving holiday on Thursday, with the U.S. stock market open for a half-session on Friday.
Earlier on Wednesday, a mixed bag of economic data led to a drop in yield on the benchmark 10-year Treasury note , helping drive stocks up. The number of Americans filing new claims for unemployment benefits rose more than expected last week and U.S. business activity contracted for a fifth straight month in November. Consumer sentiment ticked higher and home sales rose above expectations.Traders work on the floor of the New York Stock Exchange in New York City, U.S., November 22, 2022. REUTERS/Brendan McDermid/File Photo
"What I think you're seeing is renewed investor enthusiasm fueled by those who see that beautiful light at the end of what has been a very dark tunnel. And there has been so much money on the sidelines that is rushing back into the markets and waiting to get back into the action," said portfolio manager Moez Kassam of Anson Funds.
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