Stocks edge higher in early morning ahead of Fed minutes

May 18, 2016 1:45 PM

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NEW YORK (AP) — Stocks shook off an early loss and are edging higher in morning trading Wednesday as investors wait for minutes from the Federal Reserve’s last policy meeting. They’ll be looking for any hints on whether the Fed will raise interest rates next month. Consumer goods retailers dropped after Target reported weak sales.

KEEPING SCORE: The Dow Jones industrial average rose 26 points, or 0.1 percent, to 17,548 at 10:15 a.m. Eastern time. The Standard & Poor’s 500 index rose 4 points, or less than 0.2 percent, to 2,051. The Nasdaq composite gained 28 points, or 0.6 percent, to 4,744.

Also read: Stocks gain as Dow, Russell 2000 hit fresh highs

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