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Stock Market Today: Stocks End Higher After Fed Minutes Rate Hint; Tesla Boosts Nasdaq

Updated at 4:15 pm EST

Stocks ended higher Wednesday, following on from the prior session’s rally that lifted stocks to the highest levels in more than two months. Investors on Wednesay reacted to the release of minutes from the Fed’s November policy meeting before the Thanksgiving holiday lull.

Minutes of the discussions, which ultimately led to the central bank’s fourth consecutive 75 basis point rate hike, indicated officials are more focused on the destination of the federal-funds rate, as opposed to the pace required to get there. The minutes also noted a preference for smaller hikes as they monitor the impact of their recent tightening.