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Market Snapshot: S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation

U.S. stocks traded lower Wednesday in choppy trade, after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic growth.

How stock indexes are trading

On Tuesday, the Dow fell 129 points, or 0.4%, while the S&P 500 SPX notched a 0.1% rise and the Nasdaq Composite jumped 1.7%.

What’s driving markets

Stocks…

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