Wall Street Indexes Rise on Investor Hopes of Steady Rates Despite Caution Among Policy Makers

Wall Street's main indexes closed higher after the release of minutes from the US Federal Reserve's last meeting showed caution among policy makers, fueling investor hopes that rates would remain steady. The positive market sentiment was driven by the optimism about the start of earnings season and the overall economy, despite the ongoing Israel-Hamas war in the Middle East. Treasury yields rose on robust economic data, leading to a decline in chipmakers' shares after the Biden administration announced plans to halt shipments of advanced AI chips to China.