US stocks rise after the minutes of the US Federal Reserve meeting

The three major US stock indexes rose today after the Federal Open Market Committee’s May meeting minutes showed that it is appropriate to raise interest rates by half a point in the upcoming meetings in June and July. Shares of Amazon rose 2.6%, Tesla rose 4.9%, Nordstrom Inc (JWN.N) rose 14.0%, and fast-food chain Wendy’s Co (WEN.O) rose 9.8%. The Dow Jones Industrial Average rose 191.66 points, or 0.6%, to 32,120.28 points, the Standard & Poor’s 500 index rose 37.25 points, or 0.95%, to 3,978.73 points, and the Nasdaq Composite Index rose 170.29 points, or 1.51%, to 11,434.74 points.