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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

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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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