The S&P 500 and Nasdaq indices on Wall Street closed at record highs

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© Reuters. Traders work at the New York Stock Exchange on June 30, 2021. Photo: Brendan McDermid/Reuters.

NEW YORK (Reuters) – U.S. stocks ended higher on Wednesday, with the S&P 500 and Nasdaq both hitting record closings after the minutes of the Federal Reserve’s latest meeting showed U.S. central bank officials were divided over the pace of the economy’s recovery.

According to the minutes of the June 15-16 meeting, Fed officials said they believed there had not yet been much further progress in the economic recovery, but agreed that they should be ready to act if inflation or other risks materialized.

The industrial index ended the trading session on the Wall Street Stock Exchange, up 104.42 points, or 0.3 percent, to 34681.79 points, while the benchmark Standard & Poor’s 500 index rose 14.59 points, or 0.34 percent, to close at 4358.13 points.

The Nasdaq Composite Index closed up 1.42 points, or 0.01 percent, to 14,665.06 points.

(Prepared by Wagdy Al-Alfi for the Arabic Bulletin)

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