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On April 16, 2021, the New York Stock Exchange is seen in the Manhattan borough of New York City, New York, United States. Carlo Allegri/Reuters Reuters, NEW YORK, July 7 – After the Federal Reserve issued the minutes from its most recent meeting, which showed officials divided on economic signals, the S&P 500 climbed marginally on Wednesday and kept its gains. Significant further progress on the economic recovery “was largely assessed as not having yet been realized,” according to the minutes of the US central bank’s June policy meeting, though members expected development to continue. find out more “I view this as a dovish set of notes simply because they don’t believe they have enough assurance around the issue as a group to make any adjustments,” said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts. The minutes from last month’s meeting revealed a more hawkish tone. Investors have been shifting between economy-linked value equities and growth names in recent sessions, indicating that Wall Street is anxious about inflation. The Dow Jones Industrial Average (.DJI) increased 38.68 points, or 0.11 percent, to 34,616.05, the S&P 500 (.SPX) increased 9.69 points, or 0.22 percent, to 4,353.23, and the Nasdaq Composite (.IXIC) fell 16.49 points, or 0.11 percent, to 14,647.15. A number of internet companies, notably Didi Global (DIDI.N), Tencent (0700.HK), and Alibaba (9988.HK), have been punished by China’s market regulator for failing to notify past merger and acquisition deals for clearance. read more On the NYSE, declining issues exceeded advancing ones by a 1.19-to-1 ratio, while on the Nasdaq, decliners were favored by a 2.30-to-1 ratio. The S&P 500 made 70 new 52-week highs while the Nasdaq Composite made 80 new highs and 107 new lows. Devik Jain and Shreyashi Sanyal in Bengaluru and Lewis Krauskopf in New York contributed additional reporting; Arun Koyyur, Maju Samuel, and David Gregorio edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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