Wall Street closed marginally higher post FOMC minutes

Wall Street closed a little higher today on the back of the FOMC minutes that are giving the green light for the markets to continue banking on a Fed hike this December.

The elections are again the focus from here, but the minutes today offered a balanced report that has left the door open for a rate hike in December while the FOMC was otherwise split on a number of issues and for there to be a chance of a Nov hike, the case would have to be very strong, and it isn't.

FOMC minutes: Arguments for both sides, a close call

Meanwhile, the S&P 500 closed 2.48 points higher, or by 0.1%, to 2,139.21 while the Dow Jones Industrial Average gained 15.54 points, or 0.1%, to 18,144.20. The Nasdaq Composite closed 7.77 points lower, or by 0.2%, to 5,239.02.