The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.42%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.53%.
US stocks Wednesday settled higher, with the S&P 500 posting a 1-month high, the Dow Jones Industrials posting a 2-1/2 week high, and the Nasdaq 100 posting a 4-week high. Stocks rallied Wednesday after a large downward revision to US payrolls, and the dovish minutes of the July 30-31 FOMC meeting, knocked bond yields lower and bolstered the outlook for the Fed to cut interest rates next month.
