U.S. stocks advanced to their highest levels of the session on Wednesday after minutes from the Fed’s November policy meeting showed Fed officials seeming to favor slower rate hikes due to “uncertain lags” in how higher borrowing costs effect the economy. Fed staff also see a high likelihood of a recession some time over the next year. The S&P 500 SPX rose 0.6% to 4,026, while the Dow Jones Industrial Average DJIA climbed 0.45 at 34,217. The Nasdaq Composite COMP was up 1% at 11,283. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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