Wall street gains as Fed meeting minutes point to likely September rate cut

S&P: 5,620.85 (+0.4%)
DJIA: 40,890.49 (+0.1%)
Nasdaq-100: 19,824.84 (+0.5%)
Eurostoxx: 4,885.28 (+0.6%)
U.S. crude futures: 71.93 (-1.7%)

Wall street closed higher on Wednesday, as Fed meeting minutes released points toward a likely rate cut in September. The Nasdaq-100 gained 0.5% to close higher, resuming its uptrend after Tuesday’s losses. The S&P 500 rose 0.4%, with 4 out of 11 of its sectors notching in 52-week highs during Wednesday’s session. Meanwhile, the Dow Jones climbed over 50 points to inch up 0.1% higher. Markets will be closely monitoring Fed Chair Jerome Powell’s remarks at Jackson Hole this Friday for further clues regarding monetary policy.