Stocks Rebound Slightly After Fed Signals Rates Near Peak
• Stocks rebounded to end higher after earlier losses; Dow rose 0.1%, S&P 500 rose 0.1%, Nasdaq fell 0.3% • Federal Reserve meeting minutes showed agreement that rates are near peak but less consensus on timing of rate cuts • Nvidia stock fell 2.9% ahead of earnings report after market close; results could impact tech sector • Fed minutes state rates unlikely to be cut until greater confidence inflation moving to 2% target • Odds of no rate change through June Fed meeting rose to 27.8% based on FedWatch tool data