Markets Right Now: Stocks shake off weak start, end higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
U.S. stocks turned higher and finished with small gains after the Federal Reserve indicated it's not in a hurry to raise interest rates too quickly.
Retailers and technology companies led the way Wednesday.
Lowe's jumped 10.4 percent after turning in a strong quarter. Microsoft climbed 1.2 percent.
Stocks fell in the morning but turned higher after the Fed released minutes from its latest meeting suggesting that it would keep raising interest rates gradually.
The S&P 500 index rose 8 points, or 0.3 percent, to 2,733.
The Dow Jones industrial average rose 52 points, or 0.2 percent, to 24,886. The Nasdaq composite rose 47 points, or 0.