After The Bell: Wall Street Reacts To Fed Minutes

Andy Giersher
February 20, 2019 - 6:10 pm
Stock Exchange Wall Street
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CHICAGO (WBBM NEWSRADIO) -- Stocks closed slightly higher Wednesday, in a seesaw day of action on Wall Street, as notes from the Federal Reserve's most recent meeting indicates the Central Bank sees increasing risks to the overall economy.

The S&P 500 gained 5; the NASDAQ added 2 and the Dow Jones closed up nearly 64 points, settling to 25,954.

"There was some important news in those Fed minutes and obviously the market responded in a positive manner. The big news was that the Federal Reserve has made a significant adjustment in its policy," said Fed watcher David Jones.

He also mentioned that Fed Chair Jay Powell has done a great job at getting interest rates to neutral, exactly where he wanted them, a rate that neither stimulates or depresses economic activity.