Wall Street indexes closed higher on Wednesday following the release of Federal Reserve meeting minutes that boosted investor confidence in potential interest rate cuts later this year, despite inflation concerns linked to President Donald Trump’s import tariffs being deemed temporary or modest, while market sentiment remains tense as noted by Brian Mulberry of Zacks Investment Management, who highlighted the need for impactful updates from major trading partners, and NVIDIA surged to become the world’s first company to reach a $4 trillion market value, reinforcing its dominance in the AI sector alongside gains from other megacap stocks like Microsoft and Amazon.
